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Also hit my significant milestone today!
02-22-2013, 02:00 PM
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#1
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Recycles dryer sheets
Join Date: Aug 2012
Location: Chicago, IL
Posts: 78
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Also hit my significant milestone today!
Age 32 (33 this year) and wife (29 and then 30 this year)
400k in cash investments [401k(s) + Roth IRA(s) + taxable account]
500k if I include a small plot of land which was before I knew anything about investment and investing.
My wife and I max out our 401k(s) and ROTH IRA(s) and then save from our combined income to invest in the taxable.
I used to love my job but am looking forward to when I don't also 'need' to work but only 'want' to work.
We just had our first baby 2 weeks ago so that has added an interesting wrinkle in the plan to retire early.
I want to hit 500k in cash investments for this year. Grow to +1 mill in 4 years and then retire in less than 10.
Its an aggressive goal but I am excited about it.
Wishing all here the best! 
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02-22-2013, 02:09 PM
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#2
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Congratulations! 
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02-22-2013, 02:32 PM
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#3
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Recycles dryer sheets
Join Date: Jan 2013
Posts: 296
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Way to go. Well done.
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02-23-2013, 08:13 AM
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#4
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Administrator
Join Date: Apr 2006
Posts: 23,038
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Well done! A double in 4 years is an aggressive goal, but, given your progress to date, I would assume additional contributions will make up a fair chunk of the additional $500k. Keep it up and you'll be there before you know it.
__________________
Living an analog life in the Digital Age.
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02-23-2013, 08:25 AM
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#5
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Recycles dryer sheets
Join Date: Jan 2013
Posts: 194
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Well done!
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02-23-2013, 08:32 AM
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#6
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 944
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Great progress! Once you get half a mil. - the second half is much easier as long as the market cooperates....
Congrats on the savings AND the child! 
__________________
Freed at 49. You only live once - live it
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02-23-2013, 08:58 AM
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#7
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Recycles dryer sheets
Join Date: Jun 2011
Posts: 239
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Congrats! Once you know this is more fun than a new car or couch or whatever - you are on your way!
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02-23-2013, 10:00 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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Congratulations!
__________________
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.
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02-24-2013, 01:02 PM
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#9
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Recycles dryer sheets
Join Date: May 2011
Posts: 159
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Way to go er33! Is your wife proud of the financial accomplishment yet?
Congratulations on your new baby too!
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02-25-2013, 12:52 PM
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#10
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Recycles dryer sheets
Join Date: Aug 2012
Location: Chicago, IL
Posts: 78
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 Quote:
Originally Posted by ginadog
Way to go er33! Is your wife proud of the financial accomplishment yet?
Congratulations on your new baby too!
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Thank you! She is understandably a little more preoccupied with the little one but she is happy that we are doing well. She is just very modest [a HUGE part of the reason that we are saving so much] and does not like talking about it a lot.
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02-26-2013, 04:21 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Nov 2008
Posts: 3,408
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Congratulations on your significant milestone and the investment progress too. Both are great! Good fresh whole foods will help keep the baby healthy and doctor bills down.
Cheers!
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02-27-2013, 05:02 PM
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#12
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Wow, a bunch of superstars around here today! Money issues are a big stress in marriages, and with a little one stressing you out you don't need that. Congrats on the huge accomplishment when most people your age still have student debts!
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02-27-2013, 06:39 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by Badger
Congratulations on your significant milestone and the investment progress too. Both are great! Good fresh whole foods will help keep the baby healthy and doctor bills down.
Cheers! |
BREAST MILK! Best preventive medicine there is. Also LBYM!
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03-05-2013, 01:25 PM
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#14
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Recycles dryer sheets
Join Date: Aug 2012
Location: Chicago, IL
Posts: 78
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Quote:
Originally Posted by laurence
Wow, a bunch of superstars around here today! Money issues are a big stress in marriages, and with a little one stressing you out you don't need that. Congrats on the huge accomplishment when most people your age still have student debts!
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Thank you. I had over 100k debt when I declared myself done from schooling. Whittling that down took some time and effort and today I am 100% debt free.
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03-05-2013, 01:25 PM
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#15
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Recycles dryer sheets
Join Date: Aug 2012
Location: Chicago, IL
Posts: 78
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Quote:
Originally Posted by Meadbh
BREAST MILK! Best preventive medicine there is. Also LBYM!
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Hah, thanks! We are breast feeding and plan to do so for as long as possible.
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03-05-2013, 01:32 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by er33
Hah, thanks! We are breast feeding and plan to do so for as long as possible.
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As an ex baby doctor, I am delighted to hear that. Your baby will thank you some day!
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03-10-2013, 08:36 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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Once again I agree with Meadbh's words.
Quote:
Originally Posted by Meadbh
As an ex baby doctor, I am delighted to hear that. Your baby will thank you some day!
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__________________
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.
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03-10-2013, 12:24 PM
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#18
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Recycles dryer sheets
Join Date: Aug 2012
Location: Chicago, IL
Posts: 78
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Thank you all for your kind words. I am simply the spectator and handler of other things while my wife does the heavy work here. Today was the first weekend handling the little one all by ourselves and so far so good!
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03-29-2013, 08:01 AM
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#19
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Recycles dryer sheets
Join Date: Aug 2012
Location: Chicago, IL
Posts: 78
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A small update. With a bonus and other small savings, we are up to 445k in our investment portfolio. I do not know if I will make it to 500 by the end of the year but it is one step closer.
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03-29-2013, 06:41 PM
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#20
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Recycles dryer sheets
Join Date: Jan 2013
Posts: 178
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Quote:
Originally Posted by er33
A small update. With a bonus and other small savings, we are up to 445k in our investment portfolio. I do not know if I will make it to 500 by the end of the year but it is one step closer.
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Same here! Made 450k this year due to a bonus and saving.
Definitely won't hit 500k this year because I'm only 50% invested in stocks.
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