Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
$500,000
Old 10-30-2011, 07:10 PM   #1
Recycles dryer sheets
 
Join Date: Aug 2004
Location: Metro DC Area
Posts: 134
$500,000

I don't post on here too often, but I just wanted to celebrate with a bunch of anonymous like-minded people that I reached a new milestone. I have half a million in cash/investments. My last big milestone was $250,000 in late 2006 at age 27.

Have any of you hit milestone targets lately? Do you feel weird talking to other people about it, because you're worried that they will be jealous or want your $$$$?
__________________

__________________
daystar 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!

Old 10-30-2011, 07:12 PM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,900
Congratulations, daystar! I think that is GREAT, and at such a young age, too.
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 10-30-2011, 07:16 PM   #3
Administrator
Gumby's Avatar
 
Join Date: Apr 2006
Posts: 10,147
Well done -- especially in such a challenging investing environment.
__________________
Living an analog life in the Digital Age.
Gumby is online now   Reply With Quote
Old 10-30-2011, 07:17 PM   #4
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,109
Congratulations, that is great news. You have doubled your savings/investments in just 5 years to a very impressive bundle, and you are still very young.

Keep on saving and investing, you are doing brilliant
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is online now   Reply With Quote
Old 10-30-2011, 07:20 PM   #5
Recycles dryer sheets
 
Join Date: Aug 2004
Location: Metro DC Area
Posts: 134
Just so I don't mislead anyone, I should mention that I got $66,000 in cash from my parents over the last 5 years. My parents gave my brother $100,000 for a down payment on a new house in 2007, but I didn't have any plans of buying a house for at least a few years, so my parents have been giving me the $100,000 in small increments.

The rest of the money came from living below my means and maxing out my 401K and Roth IRA every year.
__________________
daystar is offline   Reply With Quote
Old 10-30-2011, 07:23 PM   #6
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,109
Quote:
Originally Posted by daystar View Post
Just so I don't mislead anyone, I should mention that I got $66,000 in cash from my parents over the last 5 years. My parents gave my brother $100,000 for a down payment on a new house in 2007, but I didn't have any plans of buying a house for at least a few years, so my parents have been giving me the $100,000 in small increments.

The rest of the money came from living below my means and maxing out my 401K and Roth IRA every year.
Okay, but you've increased your investments from 250K to $434k, plus another $66k from your parents. That is still very impressive
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is online now   Reply With Quote
Old 10-30-2011, 07:24 PM   #7
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,464
Good job, and thanks for sharing with us.
__________________
MichaelB is online now   Reply With Quote
Old 10-30-2011, 07:26 PM   #8
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,044
Congratulations!

With the market volatility, I've hit the same milestone about 4 times this year!
__________________
FIREd is offline   Reply With Quote
Old 10-30-2011, 08:10 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,869
Congrats, Daystar, on reaching that milestone at a young age and pretty soon after reaching the $250k mark. And through a severe down market in the middle of it.

It took me only 5 years to get from $250k to $500k but I was 35 when I was at $250k in 1998.

And like FD, I have hit the same milestone ($1M) several times in the last 18 months due to market volatility.

Next stop, $1M, Daystar?
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is online now   Reply With Quote
Old 10-30-2011, 10:20 PM   #10
Recycles dryer sheets
 
Join Date: Aug 2004
Location: Metro DC Area
Posts: 134
I'm hoping to this 1 million around age 40, which would be 8 years from now.
__________________
daystar is offline   Reply With Quote
Old 10-30-2011, 10:37 PM   #11
Dryer sheet aficionado
 
Join Date: Feb 2011
Posts: 25
Stick to it.... I kept a Handwritten yellow pad that plotted where I planned to be each year until I got to a mill. Looked at it the start of each year (to see how I was doing) and whenever some friend bought a new porsche or some other toy they didn't need. ( today they are still big hats and no cattle and i am 6 days from retiring) Helped me on the discipline and there was something about looking at a paper I started at 29 that was more satisfying then all those spreadsheets and income statements
__________________
Hnicols is offline   Reply With Quote
Old 10-30-2011, 10:40 PM   #12
Thinks s/he gets paid by the post
Helen's Avatar
 
Join Date: Oct 2004
Location: Portland
Posts: 1,349
Good for you for getting an early start and for your continued progress!

At what age are you thinking of retiring and what do you plan to do in retirement?
__________________
Helen is offline   Reply With Quote
Old 10-30-2011, 10:41 PM   #13
Recycles dryer sheets
 
Join Date: Aug 2004
Location: Metro DC Area
Posts: 134
I use a spreadsheet that I update once per month. I prefer not to look at my money more than about once a month because I could drive myself crazy with all the ups and downs of the stock market. I really don't think I'm depriving myself at all. I just live a simple life and I'm not out there to impress anyone.
__________________
daystar is offline   Reply With Quote
Old 10-30-2011, 11:12 PM   #14
Dryer sheet aficionado
 
Join Date: Feb 2011
Posts: 25
Sounds silly but I try to look more when the market is good then when bad.... I know what behaviors I am trying to reinforce. And agree it isn't about depriving yourself but is about knowing what you value.. I'll take a pickup over a Porsche every time (don't know how I would get hay to my horses in a Porsche anyway)
__________________
Hnicols is offline   Reply With Quote
Old 10-31-2011, 06:02 AM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
braumeister's Avatar
 
Join Date: Feb 2010
Location: Northern Kentucky
Posts: 8,610
Quote:
Originally Posted by daystar View Post
Do you feel weird talking to other people about it, because you're worried that they will be jealous or want your $$$$?
Yes, I would feel weird in normal conversation, but an anonymous community like this is ideal for sharing that sort of good news. Folks here not only understand, but can share your pride and enthusiasm.

There's no question that marking milestones like that is both extremely satisfying and also highly motivating (to get to the next milestone), so keep doing it, by all means.
__________________
Pas de lieu Rhône que nous.
braumeister is online now   Reply With Quote
Old 10-31-2011, 06:26 AM   #16
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Congratulations, daystar. To answer your questions, I also hit a new milestone target recently. I do not feel weird talking about it since I can remain anonymous on this website. I would not share this information otherwise.
Quote:
Originally Posted by daystar View Post
Have any of you hit milestone targets lately? Do you feel weird talking to other people about it, because you're worried that they will be jealous or want your $$$$?
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 10-31-2011, 10:03 AM   #17
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,375
How kind and thoughtful of your parents to treat you and your brother fairly. That's priceless.

Congratulations on your continuing efforts! I think you can share your milestone with your folks--they probably already know you are fiscally responsible, but as a parent I would be super happy to hear my child was doing well. And with us, of course--so keep those posts coming. We look forward to the $600K report.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 10-31-2011, 10:37 AM   #18
Thinks s/he gets paid by the post
powerplay's Avatar
 
Join Date: Oct 2008
Posts: 1,380
Congratulations on your latest milestone. You are doing great.
__________________
powerplay is offline   Reply With Quote
Old 10-31-2011, 09:04 PM   #19
Full time employment: Posting here.
Calgary_Girl's Avatar
 
Join Date: Jun 2004
Location: Calgary
Posts: 775
Congrats!
__________________
I can only be nice to one person today! Today is not your day...tomorrow doesn't look good either.
Calgary_Girl is offline   Reply With Quote
Old 10-31-2011, 09:31 PM   #20
Confused about dryer sheets
 
Join Date: Oct 2011
Location: vero beach
Posts: 1
"I can only be nice to one person today! Today is not your day...tomorrow doesn't look good either." I Like That

__________________

__________________
jojo bamboo 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 04:12 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.