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A decade later - finally hitting $1 Million!
Old 11-26-2023, 07:37 AM   #1
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A decade later - finally hitting $1 Million!

Wow! So much has gone on in a decade since I first explored this forum in 2013 to help give me hope and some resources to build toward a goal of retirement savings.
Reading my own post was rewarding as well and to see how far I’ve come.
I recently set up a quicken simplify for account and asset management over the thanksgiving holidays and that too will help me further stay on track.

I have gone from $100K in October 2013 and being upside down in our home value with high interest rate to now in a much better situation and pleased to share that we have exceeded $1 Million in net worth and with having recently having our two oldest daughters marriages within 9 months of each other.
Our youngest daughter is in nursing school at university of Arizona and will be a senior in January so one more year to help her with school and we will be in even better shape to save more.

$1 Million really feels good to finally see!
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Old 11-26-2023, 08:22 AM   #2
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A great story of your trip to financial freedom and retirement!!

Congrats on all you have done so far.

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Old 11-26-2023, 08:28 AM   #3
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Great job!!!!
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Old 11-26-2023, 08:44 AM   #4
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You have made wonderful progress CamasSaver - both personally and financially!

Thanks for the update.
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Old 11-26-2023, 08:52 AM   #5
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Great update, congratulations!
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Old 11-26-2023, 08:57 AM   #6
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Thank you. It’s been a journey for sure and some ups and downs especially with the financial impact of pandemic and market swings so in taking all into account I feel truly blessed. I have budgeted to max out 401K, Roth and my HSA this coming year.
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Old 11-26-2023, 09:23 AM   #7
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Congratulations. They say a Million isn’t what it used to be, but it’s still one very cool number. As a practical matter, $1M plus SS, especially in a two earner situation, can secure a comfortable retirement.
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Old 11-26-2023, 09:29 AM   #8
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The first Million is usually the hardest and longest to achieve.
After that, the rate can pick up.

-gauss
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Old 11-26-2023, 10:50 AM   #9
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Welcome to the 2 comma club.
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Old 11-26-2023, 11:01 AM   #10
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Outstanding!!! Keep ah pulling away ER will be just around the corner.
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Old 11-26-2023, 11:03 AM   #11
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I love to hear about people who succeed at this FIRE stuff.
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Old 11-26-2023, 11:27 AM   #12
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Congrats. How far away is FIRE for you?
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Old 11-26-2023, 11:30 AM   #13
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Quote:
Originally Posted by CamasSaver View Post
Wow! So much has gone on in a decade since I first explored this forum in 2013 to help give me hope and some resources to build toward a goal of retirement savings.
Reading my own post was rewarding as well and to see how far Iíve come.
I recently set up a quicken simplify for account and asset management over the thanksgiving holidays and that too will help me further stay on track.

I have gone from $100K in October 2013 and being upside down in our home value with high interest rate to now in a much better situation and pleased to share that we have exceeded $1 Million in net worth and with having recently having our two oldest daughters marriages within 9 months of each other.
Our youngest daughter is in nursing school at university of Arizona and will be a senior in January so one more year to help her with school and we will be in even better shape to save more.

$1 Million really feels good to finally see!
Is a lot of that in the form of home equity? I had over $100K in 2013 and still have barely $300K in investable net worth in 2023. Of course I have made very little money in the last 10 years so if you are a 6-figure earner then that would make a big difference.
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Old 11-26-2023, 11:44 AM   #14
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That's a wonderful update. Congratulations!!!

"Pay yourself first" is a phrase that Clark Howard always preaches.
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Old 11-26-2023, 11:54 AM   #15
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Great job, one million is a milestone for sure.
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Old 11-26-2023, 12:06 PM   #16
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Wow. Good job. Impressive.
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Old 11-26-2023, 12:36 PM   #17
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Nice update. Even though the buying power if $1M has been eroded, it is still a significant milestone and you are better prepared for retirement than most people. Keep working on building up the investment savings part of your net worth. Those are what will help you have a successful retirement.
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Old 11-26-2023, 12:52 PM   #18
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1 mil is definitely a big deal. I bet your daughters have learned by your example.
Our first took us 15 years (raising & married daughter). Our last only took 5.5 years... Definitely quicker for your next.
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Old 11-26-2023, 02:05 PM   #19
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Congrats! That first million is absolutely definitely the hardest. From here, assuming you remain on present lifestyle path, law of compounding should accelerate you to the next level.
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Old 11-26-2023, 03:54 PM   #20
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To repeat, CONGRATS!

You had a plan and worked the plan. As others have said, a million is still significant, and puts you in a great position going forward.
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