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Old 10-14-2010, 10:41 AM   #21
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Congrats to you, ER Hopeful!
The rest of us are thrilled with your milestone and join in your jubilation!
Please kindly ignore the sayer of nayes!
Milestone is a land concept. Doesn't work in a fluid environment

You are rowing a boat and you pass a floating buoy and you say "aha" I've achieved a milestone. Lets pass the next buoy. But both you and buoy can be in a current that takes you backward.

All I am saying is that in a fluid environment you cannot pretend there are milestones. You are doing the right thing by rowing , as the poster is certainly doing the right thing and I join you in congratulations , but you don't know if you are making real progress until you hit land
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Old 10-14-2010, 11:02 AM   #22
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Sometimes a duck is just a duck. In this case it's just a milestone that OP happens to be justifiably proud in achieving for what it represents in their journey.

Not everything has to be turned into a lecture. This is not class and you are not professor.

Congrats ER Hopeful. Great milestone on your road to FIRE.
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Old 10-14-2010, 11:04 AM   #23
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Congrats ER_H!
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Old 10-14-2010, 12:15 PM   #24
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Congrats with your $200K...BTW, what ages (spouse and you?) and do you have kids?
I'm almost 38, wife just turned 40. kids are 7 and 9, single income. I think our NW is relatively low compared to many posters of our age on this forum, this is because my career/salary didn’t take off until 5, 6 years ago(I’m making close to $100k now). Prior to that I’d been stuck at a dying software company for 4 years making less than $50k(I switched career into the dot com burst, then came 9/11, software jobs were scarce. Then the defense industry took off and that’s how I got into the DoD software industry which I’m in now); and even prior to that I was making less than $30k with my accounting degree in the late ‘90s. So a great majority of my savings really came from the past 6 years.


BTW, thanks to all the congrats and encouraging words from everyone.
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Old 10-14-2010, 12:52 PM   #25
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Congratulations! Write to us when you reach $250K so we can cheer for you again. I especially like the part where you counted the $30 in your wallet.
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Old 10-14-2010, 01:21 PM   #26
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Originally Posted by ER_Hopeful View Post
I'm almost 38, wife just turned 40. kids are 7 and 9, single income. I think our NW is relatively low compared to many posters of our age on this forum, this is because my career/salary didnít take off until 5, 6 years ago(Iím making close to $100k now).
Now I see a fuller picture and I think your family is doing nice considering that's only 5-6 years, SAHM + 2 kids.

Software or whatever industry says nothing to me. I'm totally clueless in that area, but I see what you're saying about computer related career and accounting and enumeration for both. Just today I had lunch with my friend who said she was promoted to a manager. She's an IT person dealing with Cyber Security and works for one of major electricity companies. And she's only 33y.o. I was so curious to ask about her salary, but all I said "Great! Now you're raking money in". She just smiled at me... and left me wondering
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Old 10-14-2010, 01:36 PM   #27
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I'm almost 38, wife just turned 40. kids are 7 and 9, single income. I think our NW is relatively low compared to many posters of our age on this forum, this is because my career/salary didnít take off until 5, 6 years ago(Iím making close to $100k now). Prior to that Iíd been stuck at a dying software company for 4 years making less than $50k(I switched career into the dot com burst, then came 9/11, software jobs were scarce. Then the defense industry took off and thatís how I got into the DoD software industry which Iím in now); and even prior to that I was making less than $30k with my accounting degree in the late Ď90s. So a great majority of my savings really came from the past 6 years.


BTW, thanks to all the congrats and encouraging words from everyone.
He that hath wife and children hath given hostages to fortune;
Francis Bacon

Speaking as a Father of the Bride who just married off DD#2 I wish you the very best. MIL FIL DW And SIL were/are all software geeks. I taught software law among other things. We also had our kids in our 30s.
Only advice I can give you is keep up in the broad field not just your niche, especially in DOD land.
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Old 10-14-2010, 03:29 PM   #28
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Danger In a Young Dreamer tracking progress and trends in his basket of market-priced assets to keep a score? Nonsense, in my view.

Congrats, ER_Hopeful - with no qualifiers.
+1

You are doing great, keep on doing what you have been doing.
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Old 10-15-2010, 09:19 AM   #29
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He that hath wife and children hath given hostages to fortune;
Francis Bacon

Speaking as a Father of the Bride who just married off DD#2 I wish you the very best. MIL FIL DW And SIL were/are all software geeks. I taught software law among other things. We also had our kids in our 30s.
Only advice I can give you is keep up in the broad field not just your niche, especially in DOD land.
You might also want to get a bit of experience in software procurement by DoD and the Federal Government generally.
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Old 10-15-2010, 02:15 PM   #30
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Yeah, congratulations on that milestone! Just to warn you though, you'll inevitably cross that same milestone again several more times, as the market bounces around.

Happened to me with the $400K milestone. I broke that milestone four times: October 2007, December 2007, June 2008, and October 2009. Hopefully I'm above it for good now, but you never know...in November 2008 I was flirting with $200K. And it doesn't look nearly as pretty falling down to it, as it did rising up!

But, just keep doing what you're doing, plug away, and dollar-cost-averaging does help smooth out the rough patches in the long run.
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Old 10-15-2010, 02:26 PM   #31
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Congrats ER_H

The more you dca, the faster it grows, and the easier it gets. Keep at it.

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Old 10-17-2010, 02:52 AM   #32
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ER_Hopeful - congratulations on your achievement! It is amazing how fast it starts happening once you get your teeth sunk in!
Reading your later posts in this thread, it's seems we've got a lot of parallels. I'm about your age (2 yrs older), couple of kids close to the same age (3 and 7), single income family, income started increasing rapidly about 6 years ago, and crossed the same milestone early this year.
Best of luck in the future!
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Old 10-17-2010, 05:48 AM   #33
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Congrats... keep it up!

Someday you will be thanking yourself for having the option to make other life choice due to FI.
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