thegarman
Dryer sheet wannabe
Since my discovery of this forum several years back, I generally spend most of my time lurking and learning.
However about once or twice a year I like to check in and update my personal progress. It is always nice to get feedback from the group, and it validates my commitment to the cause.
So, as a refresher:
About three years ago, we swore off car payments and credit card balances forever.
About two years ago, our only child graduated college.
About a year ago, we paid off our mortgage.
This has allowed us to live life virtually debt free. More importantly, it has allowed me to save about 50% of my paycheck.
To cut to the chase, this week we surpassed $50,000 in fully liquid "cash" in the bank. This may not seem like a big number to most of you, but for a guy who used to live paycheck to paycheck, its a huge milestone. I actually went to the bank, and made a $25.00 deposit, just so I could ask the teller to print out the balance, $50,010.21. My wife and I also have IRA & 401K so we have had a nice run up in the markets happening as well.
I'm not sure where this ends, or what happens from here. I just know that today an extra, FIDDY GRAND feels pretty darn good!
Cheers,
TheGarMan
However about once or twice a year I like to check in and update my personal progress. It is always nice to get feedback from the group, and it validates my commitment to the cause.
So, as a refresher:
About three years ago, we swore off car payments and credit card balances forever.
About two years ago, our only child graduated college.
About a year ago, we paid off our mortgage.
This has allowed us to live life virtually debt free. More importantly, it has allowed me to save about 50% of my paycheck.
To cut to the chase, this week we surpassed $50,000 in fully liquid "cash" in the bank. This may not seem like a big number to most of you, but for a guy who used to live paycheck to paycheck, its a huge milestone. I actually went to the bank, and made a $25.00 deposit, just so I could ask the teller to print out the balance, $50,010.21. My wife and I also have IRA & 401K so we have had a nice run up in the markets happening as well.
I'm not sure where this ends, or what happens from here. I just know that today an extra, FIDDY GRAND feels pretty darn good!
Cheers,
TheGarMan