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-   -   Monday Milestones! (http://www.early-retirement.org/forums/f28/monday-milestones-27945.html)

SecondCor521 05-31-2007 06:39 PM

Monday Milestones!
 
OK, well I know it's not Monday, but I like alliteration!

I thought I would just announce that I have reached the milestone where my FIRE stash, defined as:

+ My FIRE assets
+ My kids' college assets
- Mortgage
- Other debt
- NPV of kids' college expenses
- NPV of remaining child support payments

is positive! Woohoo!

Now if my annual expenses were $175.42, I could retire! ;D;D;D

2Cor521

crazy connie 05-31-2007 06:51 PM

Once you have hit that milestone the compounding really seems to kick into overdrive! CONGRATS on a POSITIVE NET WORTH!!!;)

Peaceful_Warrior 05-31-2007 07:20 PM

Quote:

Originally Posted by crazy connie (Post 521206)
Once you have hit that milestone the compounding really seems to kick into overdrive! CONGRATS on a POSITIVE NET WORTH!!!;)

Positive net worth? What's that?

In all seriousness, that's wonderful news! Embracing the milestones really keeps me going and reminds me that it all is moving in the right direction even if sometimes it seems like nothing is happening...

SecondCor521 06-01-2007 04:59 PM

Quote:

Originally Posted by crazy connie (Post 521206)
Once you have hit that milestone the compounding really seems to kick into overdrive! CONGRATS on a POSITIVE NET WORTH!!!;)

Connie,

Thanks! I actually have had a positive regular net worth for a while, but I calculate a "FIRE net worth" that just went positive a few days ago. The latter ignores my home equity and includes the NPV for some fairly large expenses.

2Cor521

Darryl 06-01-2007 06:55 PM

Our Victory
 
Congratulations 2Cor!!!!!!!!!

DW wife and I had a big win last year too. Our NW surpassed our NW of 1995 when our first kid was born! Exciting stuff isn't it.

Tadpole 06-02-2007 05:02 AM

Congradulations
 
Quote:

Originally Posted by SecondCor521 (Post 521203)
OK, well I know it's not Monday, but I like alliteration!

I thought I would just announce that I have reached the milestone where my FIRE stash, defined as:

+ My FIRE assets
+ My kids' college assets
- Mortgage
- Other debt
- NPV of kids' college expenses
- NPV of remaining child support payments

is positive! Woohoo!

Now if my annual expenses were $175.42, I could retire! ;D;D;D

2Cor521

I wasn't in the negative at the time, but I remember when I first sought advice at this web site and ended up paying off my remaining mortgage and car payments. My net worth in the last three years has doubled and it does feel soooo good to know you are on your way. The increase savings causes increased gains causes increased clean air in one's life. Keep up the good work.

SecondCor521 06-03-2007 05:50 PM

Thanks all!

2Cor521

SecondCor521 10-28-2007 09:56 PM

OK, another milestone to announce!

Y'all (I can say that, I was born in the South, unclemick and Want2Retire!) know about the 4% rule, right?

Well, if I retired today, I would be under...yes under a 200% withdrawal rate for the first time ever!

Woohoo!

2Cor521
who knows it's not Monday where I am, but it is Monday where the Queen is...

SecondCor521 04-01-2008 06:40 PM

I had always hoped this thread would turn into a place where folks could celebrate their milestones, whatever they are...

At any rate, my withdrawal rate is now under 20% for the first time ever.

And my new retirement age is under 48 (47.60 to be precise) for the first time ever. I have 106 months to go to FI.

Due to negative CPI-P, I expect that number to continue to drop...

2Cor521

W2R 04-01-2008 06:47 PM

Congratulations! You're making great progress and before you know it, you will have reached your goals. ;D

GoodSense 04-01-2008 06:55 PM

Congratulations! Impressive growth, especially given the tumultuous market conditions.

I was thinking it's been pretty quiet lately for NW milestones. Thanks for cheering us up!

Moemg 04-01-2008 06:56 PM

Congratulations ! You are doing a great job ! What a great Dad you are !

maddythebeagle 04-01-2008 07:33 PM

SecondCor521s Somewhat-Less-Lazy-O-Rama A0R 2.0 March 4, 2008

It must have been your stash from the credit card applications that put you over the line;)

LOL! 04-01-2008 08:27 PM

Woo-hoo! Just calculated our portfolio return for the last 12 months. It's above 0%!!!

W2R 04-01-2008 08:39 PM

Quote:

Originally Posted by LOL! (Post 637098)
Woo-hoo! Just calculated our portfolio return for the last 12 months. It's above 0%!!!

Yay!! It could be worse with all this volatility!

Most of my nestegg is in my taxable account, which is up 1.6% since I last added to it on February 14th. That's a lot better than it could have been, so I'm happy.

SecondCor521 04-02-2008 08:33 AM

Quote:

Originally Posted by maddythebeagle (Post 637082)
SecondCor521s Somewhat-Less-Lazy-O-Rama A0R 2.0 March 4, 2008

It must have been your stash from the credit card applications that put you over the line;)

;D;D;D

Not really, though. The stash gets counted various ways but for my retirement calculations it gets counted both as an asset earning a short term interest rate and a liability to be repaid later. So it helps to the extent that I'm earning 4% on a small six figure sum.

2Cor521

P.S. -- I thought that was you over there.

kaudrey 04-02-2008 09:32 AM

Congrats, secondcor!

Calgary_Girl 04-02-2008 09:47 AM

Quote:

Originally Posted by SecondCor521 (Post 637056)
At any rate, my withdrawal rate is now under 20% for the first time ever.

And my new retirement age is under 48 (47.60 to be precise) for the first time ever. I have 106 months to go to FI.

Due to negative CPI-P, I expect that number to continue to drop...

2Cor521

That's great!

Our NW hit a new milestone yesterday at $1.41 million ;D

SecondCor521 09-09-2008 06:26 PM

OK, I just passed another milestone: Bronze FIRE!

"What the heck is 'Bronze FIRE'?" you ask?

It started with me wanting to establish intermediate milestones on my path to FIRE. I decided that full retirement at the 4% rule would be the gold standard for my retirement, so that became "Gold FIRE". As of today I have 66 months to Gold FIRE.

"Silver FIRE" assumes 40 hours a week at a minimum wage job, which really just translates into "I can 'retire' from my high-paying job and just work at Starbucks". As of today I have 18 months to Silver FIRE.

"Bronze FIRE" assumes 40 hours a week at a minimum wage job plus income from modest AOR's (see the posts above referencing my credit card arbitrage). As of today I am at Bronze FIRE. After the minimum wage job and A0R income, I can live on a 2.13% withdrawal rate from my portfolio.

2Cor521

Sarah in SC 09-09-2008 08:37 PM

Have I told you I like the way you think, 2Cor. That is awesome...Bronze FIRE...what a great term. ;D


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