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11-19-2021, 07:48 AM
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#1
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Full time employment: Posting here.
Join Date: May 2017
Posts: 796
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Big Milestone - $3M
On 9/02/20 I posted a thread titled "Small Milestone - $2M" and here we are less than 15 months later and I've hit the $3M mark (not including real estate equity). I am both humbled and amazed at this performance. When I started this FIRE journey 11/12 years ago my goal was to hit $3M and retire at 55. I'm 44 now and the plan now is to still work until our daughter graduates high school in 3.5 years. We are under contract on a vacation home in North Carolina that we'll use to get acquainted with the area between now and then. So, actually this $3M will come down in a few weeks when some of that gets transfered to real estate equity.
As I said in the previous post, a lot of credit has to go to you all for the wise words and encouragement. That's much appreciated and keep 'em coming!
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11-19-2021, 08:01 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2021
Posts: 2,324
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Congratulations! That is a BIG milestone. And achieving it so far ahead of schedule is impressive. Enjoy that vacation home. And enjoy watching that number continue to grow.
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11-19-2021, 08:08 AM
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#3
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Recycles dryer sheets
Join Date: Feb 2015
Location: Chicago
Posts: 259
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Congratulations brokrken!! It is indeed a big milestone at 44. All the best for your vacation home and many more milestones in the years to come.
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11-19-2021, 08:27 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,321
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My gosh, that's fantastic - and at your age too! You're in great shape. There are very few people for whom $3M is not a significant chunk of change. Whatever curveballs life may throw at you in the future, it looks as if money worries will not be be one of them.
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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11-19-2021, 09:12 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,373
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^ X2.
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11-19-2021, 09:17 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Congrats. The 1st million is the hardest.
I was barely at that mark when I was 40, not counting RE.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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11-19-2021, 10:38 AM
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#7
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gone traveling
Join Date: Aug 2020
Posts: 682
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Quote:
Originally Posted by brokrken
On 9/02/20 I posted a thread titled "Small Milestone - $2M" and here we are less than 15 months later and I've hit the $3M mark (not including real estate equity). I am both humbled and amazed at this performance. When I started this FIRE journey 11/12 years ago my goal was to hit $3M and retire at 55. I'm 44 now and the plan now is to still work until our daughter graduates high school in 3.5 years. We are under contract on a vacation home in North Carolina that we'll use to get acquainted with the area between now and then. So, actually this $3M will come down in a few weeks when some of that gets transfered to real estate equity.
As I said in the previous post, a lot of credit has to go to you all for the wise words and encouragement. That's much appreciated and keep 'em coming!
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Congratulations!
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11-19-2021, 10:49 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,196
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Congrats. You are on your way to early retirement.
__________________
TGIM
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11-19-2021, 11:32 AM
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#9
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Recycles dryer sheets
Join Date: Aug 2018
Posts: 264
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That's incredible!! This bull market has been good to many of us.
Enjoy the new vacation home.
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11-19-2021, 12:25 PM
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#10
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
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Congrats!
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11-19-2021, 03:03 PM
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#11
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Recycles dryer sheets
Join Date: Nov 2016
Location: Minneapolis/St. Paul
Posts: 82
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Way to go!
That’s fantastic news. I hope to follow you in a few years. I appreciate the inspiration, in addition to your own rewards!
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11-19-2021, 03:17 PM
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#12
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Full time employment: Posting here.
Join Date: Oct 2021
Posts: 554
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Congrats!
I'd definitely include your home equity though for net worth!
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11-19-2021, 03:24 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,633
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Congratulations! I hit $3M at 56 and retired. Best decision I ever made next to my wife and sons.
Enjoy!
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11-19-2021, 03:24 PM
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#14
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Full time employment: Posting here.
Join Date: May 2017
Posts: 796
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Thanks everyone. Much appreciated!
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11-19-2021, 03:25 PM
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#15
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Full time employment: Posting here.
Join Date: May 2017
Posts: 796
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Quote:
Originally Posted by Magus
Congrats!
I'd definitely include your home equity though for net worth!
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Magus, I include it when I'm talking total net worth, but when talking about retirement savings, I exclude it, as I have to have somewhere to live and can't rely on the real estate equity for my cash flow needs.
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11-19-2021, 03:28 PM
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#16
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Confused about dryer sheets
Join Date: Feb 2021
Location: Mooresville
Posts: 8
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Congrats... my wife and I just retired in March and moved to North Carolina. I was 50 and she was 48. Where in NC is vacation home? We are living near Lake Norman.
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11-19-2021, 05:01 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Posts: 1,290
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That's a lot of rice and beans! Congrats!
__________________
Retired 1/6/2017 at 50 years old
Immensely grateful
“The most important quality for an investor is temperament, not intellect.”—Warren Buffett
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11-19-2021, 05:39 PM
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#18
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Dryer sheet wannabe
Join Date: Aug 2020
Posts: 12
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Congratulations! 3M is my next target. Hopefully I can get it by 2023
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11-19-2021, 05:45 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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Lack of mortgage payments are helping much with my cash flow needs -
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11-19-2021, 07:01 PM
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#20
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Recycles dryer sheets
Join Date: May 2019
Posts: 367
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Congrats and welcome to NC!
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