Hit $4.3M NW, no debt. Looking FIRE in 2-5years. Got to put kids to college and fulfill my duty before pulling the plug.
Love this thread! It’s nice to see a lot of people winning on stocks. I’m one of the other 50% on the losing side. Despite that I reached my goal of equilibrium. 17 years of school,, 17 years of work, and 17 years of retirement last September. My new goal now a year in is to be retired 50 years. Mainly was able to retire at 34 by buying trailer parks and apartments then selling them carrying the notes.
Time and people are the most valuable things in life.
I just gave my 103-day notice to resign/retire.
No more rentals at this time but may have to repossess one small mobile home park soon. The new owner has been paying me 11% on the loan for 12 years but has been chronically late on payments. I’ve tried to help them develop more of a business sense but I think they may give up. Unfortunately with several missed payments and late fees they have not earned any equity.Nice job-best wishes on the 50 years of retirement goal.
Do you have any properties at this point, or are you just doing the lending now?
Our cars are 12 and 16 years old and we are on a first name basis with our mechanic. This week, for the first time ever, we bought a 3 year old Acura SUV by selling some investments rather than using our income. Remember those Toyota commercials showing people jumping in the air and clicking their heels? That’s DW and me this week
Got my March salary today. With that I'm now back over 100,000€ in investments, after taking out 50,000 as a down payment on our house 26 months ago.
Great job! As your assets increase, you may want to add some umbrella liability insurance to protect your assets!So, after 11 months, the monthly bills and expenses are down from $5,000+ to $3,000 and some change. It's like I got a $24,000 raise, tax free!
What's both fascinating and scary is how your investments start to compound! Once you top $1M, it's not uncommon to have a $10K variance in your equities within a day or two! By the time you hit $2M, you'll likely be making more from your investments than your job, and then you'll probably be getting really close!It took me almost 6 years to get to the first 100k, and 3.5 years for the second. The third should come in under 3 years, if the markets cooperate. Next stop: Quarter Millionaire!
I didn't post this sooner, but right around June, we crossed over the $1MM in investments - mostly retirement and some non-retirement. Total NW is just shy of $1.6MM due to SoCal house equity. We are aggressively working on paying down the mortgage, but still have a ways to go!
Started the FI journey 2.5 years ago. Paid off all non-mortgage debt...84k. And have saved 130k in retirement accounts.
Aaaand I finally doubled up: 200k invested as of this morning!
It took me almost 6 years to get to the first 100k, and 3.5 years for the second. The third should come in under 3 years, if the markets cooperate. Next stop: Quarter Millionaire!
NW has hit a new all-time high: $2.75 million. Trying to get to $3 million by the end of 2019 when DH hits 50.
Hit $1.7M at the end of Q3, $1.2M investments, $400k rental equity grossing $120k/year and $100k primary residence.