$100,000 and other good news

[laurence]

Congrats! All your base are belong to us, make your time!

100k in investable felt great. Since then my investible has gone up to ~120k but my NW is down because the housing market crash. But I'm not selling so it's only on paper.

EDIT: Whoa, make that $126,591.23 - boy, between compounding and contributing, this thing really starts to pick up steam!

[SLC Tortfeasor]

Originally Posted by accountingsucks

I'm 31 and have about 65K in the retirement accounts. Now that my home is paid off I"m hoping to add 50K per year. I like it when the market is up, as I can get into work and find out I've already made $500 from the markets....heee heee. Now of course this is a bad way of looking at things since the markets have done well lately, but it makes the days go by faster.

Dang, 31 and your house is paid off?? Way to go! That must be nice. You'll be able to make some huge contributions to your nest egg now.

Originally Posted by Laurence

Congrats! All your base are belong to us, make your time!

100k in investable felt great. Since then my investible has gone up to ~120k but my NW is down because the housing market crash. But I'm not selling so it's only on paper.

EDIT: Whoa, make that $126,591.23 - boy, between compounding and contributing, this thing really starts to pick up steam!

How long ago did you hit $100K?

Originally Posted by runchman

What a bunch of money whores we are

Yes, that is the absolute truth. When you have a major life goal (FIRE) that is totally dependent upon money, you tend to think a lot about money. But it's okay. We're not obsessed with money for its own sake, or because we want to buy mansions and Lamborghinis (well, actually I would like to have a Lambo, preferably this one: http://cgi.ebay.com/ebaymotors/E-GEA...QQcmdZViewItem), but because we want more time to spend on the things in life that really matter. If I need to be a money whore to reach that goal, then I'm okay with that.

[Celany]

first off, thank you all who congradulated me on what I've done so far. I actually took a moment to pat myself on the back. considering that I'm usually thinking & crunching numbers, it felt good to take a moment to be pleased at how I've done.

Originally Posted by accountingsucks

I'm 31 and have about 65K in the retirement accounts. Now that my home is paid off I"m hoping to add 50K per year.

wow, I can't even imagine owning a home. I live in nyc right now, & although my rent is EXTREMELY reasonable for my situation (I split $1200 for a 1 bedroom w/my bf ), I don't see myself as buying a home anytime in the next, oh, 10 years. even though I crave one, probably the way that most women crave a baby. but it doesn't seem to make sense to buy in nyc without a HUGE down payment, or 100% down.

eventually, I plan to leave here though, & I'm depending on being able to cash out on some of my investments, to buy a small home. As I'm sharing 550 sq ft with a boyfriend & 2 cats, that shouldn't be too hard. I think I might even like one of those 50k mini-homes - less cleaning!

[laurence]

I hit 100k hmm...almost a year ago, or has it been a year? Anyway, that's 14k more in contributions plus 12k in returns. This year ('07) I noticed returns outpacing contributions, which is also very cool.

[Jay_Gatsby]

Originally Posted by Laurence

I hit 100k hmm...almost a year ago, or has it been a year? Anyway, that's 14k more in contributions plus 12k in returns. This year ('07) I noticed returns outpacing contributions, which is also very cool.

I've noticed that as well in my own accounts. It's a nice feeling to know that eventually your investments will be able to steam along under their own power (or snowball down the mountain -- pick your metaphor).

[jasond]

I remember the joy of when I first hit 100K. I'm now right around 400k retiring in about ten years hopefully. All I did was save 10% of my income into my thrift savings plan at work, they also chipped in 5%. Never saved a lot in my life just took advantage of my 401k. Luckily I will also get a small pension from the federal government that should allow me to retire at 56. We'll see.

Jason

[Calgary_Girl]

Originally Posted by Laurence

I hit 100k hmm...almost a year ago, or has it been a year? Anyway, that's 14k more in contributions plus 12k in returns. This year ('07) I noticed returns outpacing contributions, which is also very cool.

I've noticed this also more and more lately. I always heard it takes money to make money. Now I know what they were talking about!! Our net worth passed $1.25 million in March and it keeps magically growing....

[NinjaPigeon]

Originally Posted by Calgary_Girl

I've noticed this also more and more lately. I always heard it takes money to make money. Now I know what they were talking about!! Our net worth passed $1.25 million in March and it keeps magically growing....

I don't have that big of a snowball just yet, but I can already see the momentum even on my rather pathetic portfolio. I've had a $3k capital appreciation in my main retirement account this year. That's more than I saved my entire first year out of school!

[Meadbh]

Just got my paper statement for my principal post tax account.
The sum of income + dividends + capital gains = annual expenses.
Next goal: income + dividends = annual expenses.