That commute ought to cure any OMY issues!
I have the luxury that mega corp allows me to work remote 4 weeks every quarter. That makes one trip this year and 4 trips next year. Still, I concur that will absolutely cure my OMY issue.
That commute ought to cure any OMY issues!
New to the forum and wanted to contribute. Just hit 750k net worth. A million feels so close!
Accepted the better of two offers on our home. Assuming everything goes smoothly, we will close in mid January and rent back until the twins graduate HS in June. We now have 7 months to sell or donate what we won't need in our new situation - small cottage on Vermont lake during the summer, and winter place in southern utah.
I'll get 1,500,000 - 2,000,000 over five years when I leave my business.
Age 32
DW 31
We just crossed $300K NW milestone (excluding primary residence).
Hope to hit $400K by age 35
Hope to hit $500K by age 37
Hope to hit $1M by 42.
$2M by 50? I'll keep dreaming and keep socking away like a machine.
(all NW figures exclude primary residence)
Age 32
DW 31
We just crossed $300K NW milestone (excluding primary residence).
Hope to hit $400K by age 35
Hope to hit $500K by age 37
Hope to hit $1M by 42.
$2M by 50? I'll keep dreaming and keep socking away like a machine.
(all NW figures exclude primary residence)
I had over 26 years in when I quit my job and my pension was only worth $1200 a month. I can't get to it until age 58. Meanwhile inflation eats away at it. I just consider it icing on the cake at this point. Very few jobs even have a pension nowadays and it becomes fewer each year.Today is my 12 year work anniversary at megacorp. (No emails or anything from anyone acknowledging it of course, which is perfectly okay with me.) Tomorrow I reach the 'rule of 70' and can officially retire from megacorp. Unfortunately, the only thing this gets me is a $100/mth pension. Currently tracking to a 6/1/2017 ER date.
I had over 26 years in when I quit my job and my pension was only worth $1200 a month. I can't get to it until age 58. Meanwhile inflation eats away at it. I just consider it icing on the cake at this point. Very few jobs even have a pension nowadays and it becomes fewer each year.
Seems like you're on the right track. One of the key factors in knowing if you're reaching FI is to understand your how your expenses compare to your savings/investments. Here's a chart of ratios comparing savings to income, income to expenses and savings to expenses from another couple I know. YMMV
Today I am FIREd! Finished moving from our home of 27 years into the lake house last month, which is now our retirement home. Closed on the sale of that house 2 weeks ago. And yesterday was my last day of w*rk! I've been fortunate enough to have gone through a phased retirement, where I w*rked 1/2 time for full time pay as a knowledge transfer mechanism. When people asked yesterday if I would miss it, I simply stated that at least for the foreseeable future, I'm already so busy with my new life that I don't have time to miss it!
Some credit for being able to ER goes to the great folks on this forum, where I learned enough to pull the trigger years earlier than initially planned. Thanks all!
Today I am FIREd! Finished moving from our home of 27 years into the lake house last month, which is now our retirement home. Closed on the sale of that house 2 weeks ago. And yesterday was my last day of w*rk! I've been fortunate enough to have gone through a phased retirement, where I w*rked 1/2 time for full time pay as a knowledge transfer mechanism. When people asked yesterday if I would miss it, I simply stated that at least for the foreseeable future, I'm already so busy with my new life that I don't have time to miss it!
Some credit for being able to ER goes to the great folks on this forum, where I learned enough to pull the trigger years earlier than initially planned. Thanks all!
Today I am FIREd! Finished moving from our home of 27 years into the lake house last month, which is now our retirement home. Closed on the sale of that house 2 weeks ago. And yesterday was my last day of w*rk! I've been fortunate enough to have gone through a phased retirement, where I w*rked 1/2 time for full time pay as a knowledge transfer mechanism. When people asked yesterday if I would miss it, I simply stated that at least for the foreseeable future, I'm already so busy with my new life that I don't have time to miss it!
Some credit for being able to ER goes to the great folks on this forum, where I learned enough to pull the trigger years earlier than initially planned. Thanks all!
Just like you, I just hit a million in liquid assets at 41. $860k invested and $180k in cash. Hit a million in net worth last year. Plan to use the cash to buy income properties to hopefully accelerate FIRE.Was hoping to hit a million at 40, however just did it a few months past my 41st birthday last month. This excludes paid off home of about $400K. Now 10 years ago when i started on this journey i figured i'd be getting close at around 1.1 or 1.2 Million, however I believe I will need to be around 2Mil to pull the plug. Hopefully around 48,49 years old i can do that.