Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
$100,000 and other good news
Old 12-18-2006, 06:54 PM   #1
Recycles dryer sheets
 
Join Date: Jun 2005
Posts: 223
$100,000 and other good news

Daystar beat me to the punch with news about reaching a $250,000 milestone recently, but I wanted to share mine:

I have just reached $100,000 in investable assets!! That includes stocks, bonds, mutual funds, and cash, but not my home equity. Finally cracking the $100,000 mark is a huge milestone for me.

Oh, and I just got a totally unexpected and undeserved $7,000 raise at work.

Oh, and I also received a very nice $8,000 bonus.

Oh, and most importantly, my girlfriend and I just got engaged on Saturday!

With all this good news, I'm starting to worry about the bad news that must be around the corner. Things can't possibly get any better than this.
__________________

__________________
SLC Tortfeasor is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: $100,000 and other good news
Old 12-18-2006, 07:12 PM   #2
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Re: $100,000 and other good news

Quote:
Originally Posted by SLC Tortfeasor
Oh, and most importantly, my girlfriend and I just got engaged on Saturday!
With all this good news, I'm starting to worry about the bad news that must be around the corner. Things can't possibly get any better than this.
Congratulations!

As for the bad news, I hope you're not planning to double up the engagement ring as the Christmas present...
__________________

__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-18-2006, 07:21 PM   #3
Thinks s/he gets paid by the post
martyb's Avatar
 
Join Date: Nov 2006
Location: Bossier City
Posts: 2,182
Re: $100,000 and other good news

You got that right! Don't even make THAT mistake, or you'll be back on here looking like this.... LOL! Congrats on all the great financial news & especially the engagement!!!
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy

“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
martyb is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-18-2006, 08:29 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: $100,000 and other good news

This year I finally exceeded my balance in 2000... :P
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-18-2006, 09:18 PM   #5
Recycles dryer sheets
 
Join Date: May 2006
Posts: 442
Re: $100,000 and other good news

Congratulations! My you pass many milestones in the coming years.

My problems was I had to pass the milestone about 10 times before I passed them for good.
__________________
dmpi is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-18-2006, 11:05 PM   #6
Recycles dryer sheets
Linney's Avatar
 
Join Date: Nov 2006
Posts: 262
Re: $100,000 and other good news

Quote:
Originally Posted by SLC Tortfeasor
I have just reached $100,000 in investable assets!! That includes stocks, bonds, mutual funds, and cash, but not my home equity. Finally cracking the $100,000 mark is a huge milestone for me.
As it should be! I thought that getting to 100,000 took forever, but the next milestone came more quickly (ah, the power of compounding)

Congratulations on all this and your engagement too!
__________________
Linney is online now   Reply With Quote
Re: $100,000 and other good news
Old 12-18-2006, 11:12 PM   #7
Recycles dryer sheets
 
Join Date: Dec 2006
Posts: 182
Re: $100,000 and other good news

Quote:
Originally Posted by HFWR
This year I finally exceeded my balance in 2000... :P
Ahh, a subject near and dear to my heart. Although fairly well deversified back then, it's been a long struggle back to 2000 levels. Just passed it this year. Much more solid (conservative) now than then. Never again.....
__________________
lowflyer is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-19-2006, 08:53 AM   #8
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,718
Re: $100,000 and other good news

Quote:
Originally Posted by lowflyer
Ahh, a subject near and dear to my heart. Although fairly well deversified back then, it's been a long struggle back to 2000 levels. Just passed it this year. Much more solid (conservative) now than then. Never again.....
You've got that right. Many of us learned very expensive lessons back in 2000 that we're just recovering from today.
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-19-2006, 08:59 AM   #9
Dryer sheet wannabe
 
Join Date: Nov 2006
Posts: 20
Re: $100,000 and other good news

Jay, some of us haven't caught up to 2000 yet (in my defense, I was 4 years in grad school and not contributing to retirement savings, and since then have not had a 401(k) and $4k/yr just isn't much)
__________________
ylm23 is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-19-2006, 09:59 AM   #10
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,718
Re: $100,000 and other good news

Quote:
Originally Posted by ylm23
Jay, some of us haven't caught up to 2000 yet (in my defense, I was 4 years in grad school and not contributing to retirement savings, and since then have not had a 401(k) and $4k/yr just isn't much)
Understood. I've had to take tax losses every year on crappy stocks that tanked in 2000 and never bothered to recover (anyone remember Worldcom, Lucent, Excite@Home, etc...?) Very painful when the money that was tied up in those was a solid chunk of my net worth. For the most part, I've sold all of my losers for tax losses and am now getting rid of stocks in solid companies for which I paid way too much back in 2000.

Like many folks, I used to consider myself a pretty smart investor.... :P
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-19-2006, 10:22 AM   #11
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 557
Re: $100,000 and other good news

SLC -- good for you. Take some time to smile at yourself in the mirror, then on to the next level.

Jay -- A buddy and I were discussing this a few months ago. I keep my Lucent, just to remind myself how smart I'm not!
__________________
uncledrz is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-19-2006, 10:58 AM   #12
Dryer sheet wannabe
 
Join Date: Nov 2006
Posts: 20
Re: $100,000 and other good news

At least I am getting tax deductions for the cap losses, $3k/yr is finally running out this year I think, or maybe 2007!
__________________
ylm23 is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-19-2006, 11:03 AM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: $100,000 and other good news

Used the last of mine last year. No mas!!
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-19-2006, 11:28 AM   #14
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,718
Re: $100,000 and other good news

Quote:
Originally Posted by HFWR
Used the last of mine last year. No mas!!
I think I'm going to celebrate when I don't have anything left to sell for tax losses.
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby is offline   Reply With Quote
Re: $100,000 and other good news
Old 12-21-2006, 07:17 PM   #15
Recycles dryer sheets
Sisyphus's Avatar
 
Join Date: Aug 2005
Posts: 52
Re: $100,000 and other good news

Congrats!!!!

Great feeling, isn't it!? Next stop, $250K, right? :-)

I have a feeling the first $100K is the hardest, but I'm sure others on the board have more thoughts on that.

Nice work!
__________________
Persistence and determination are omnipotent.
Sisyphus is offline   Reply With Quote
Re: $100,000 and other good news
Old 04-11-2007, 11:28 PM   #16
Recycles dryer sheets
 
Join Date: Jun 2006
Posts: 133
Re: $100,000 and other good news

Quote:
Originally Posted by Linney
As it should be! I thought that getting to 100,000 took forever, but the next milestone came more quickly (ah, the power of compounding)

Congratulations on all this and your engagement too!
18 months ago I hit $100k. It took me 7 years to save $100k. 18 months later I am at $175k.

Compounding rocks. As soon as my house is paid off I hope to super charge my saving!
__________________
rw86347 is offline   Reply With Quote
Re: $100,000 and other good news
Old 04-12-2007, 12:07 AM   #17
Recycles dryer sheets
 
Join Date: Jun 2005
Posts: 301
Re: $100,000 and other good news

Congratulations on hitting a major milestone, it's great, isn't it ??

I can't believe how the growth takes over after a while. I've done the 10% into a 401k since I started as an engineer, now I'm 43 years old, so that was some 20 odd years ago.

Started with 12k in student loan debt... now my investment portfolio is > 700k. I didn't learn about indexing and asset allocation until quite recently, wifes 401k went from 100k -> 20k in the dot-bomb era, and I'm not particularly frugal.

Time flies by so fast, you'll be crossing 125.... 150.... 200....

I'm enjoying your milestone vicariously. Great job keep at it !!

- John
__________________
runchman is offline   Reply With Quote
Re: $100,000 and other good news
Old 04-12-2007, 12:22 AM   #18
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: $100,000 and other good news

Nice to see you kids starting to hit some significant targets in your quest to FIRE. Keep to the path of LBYM and investing in low cost assets. Time will be your friend if you keep your portfolios balanced.

In 1991, after my divorce I started out with a NW of -200k. In 2002, I had a NW of over seven figures. I don't own a business. I don't have a high level executive salary. I don't have inherited money or assets. What we have is what we earned, saved and invested. It can be done and many on this board have done far better than we have. I am not an expert on markets, or specific stocks, or annuities. I do however, know what I spend and what I make and have always managed to save more than I make and to make decent investment choices....all learned the hard way.

Today we don't track our NW. We track our investments and cash funds since these will be what is used to pay the bills and allow us to travel as much as we want each year until we die. My projections show we will die with a lot on the table. We are not willing to do that so our spending in early ER will be staggering compared with many others here.

Keep the faith and keep good records on where you spend and why. Put together a budget and stick to it...no matter what. The real gains in NW come from compound interest and with capital appreciation in real property and assets.

Good luck and keep on trudging ahead. The end will come as soon as you want it to.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: $100,000 and other good news
Old 04-12-2007, 04:16 AM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Feb 2007
Posts: 5,072
Re: $100,000 and other good news

Congrats... Keep it up.
__________________
chinaco is offline   Reply With Quote
Re: $100,000 and other good news
Old 04-12-2007, 09:37 AM   #20
Full time employment: Posting here.
Sandy's Avatar
 
Join Date: Dec 2006
Location: Florida
Posts: 855
Re: $100,000 and other good news

Congrats on all of the deserved (and undeserved) milestones.

Bank that bonus and some of the raise.

If you read some old threads you will see that many here opted for less expensive weddings, but don't go overboard to the point of resentment. Hoefully you are on the same page.
__________________

__________________
I would not have anyone adopt my mode of living...but I would have each one be very careful to find out and pursue his own way, and not his father's or his mother's or his neighbor's instead. Thoreau, Walden
Sandy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 12:16 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.