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Big Milestone - $3M
Old 11-19-2021, 08:48 AM   #1
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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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Old 11-19-2021, 09:01 AM   #2
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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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Old 11-19-2021, 09:08 AM   #3
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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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Old 11-19-2021, 09:27 AM   #4
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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.
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Old 11-19-2021, 10:12 AM   #5
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Old 11-19-2021, 10:17 AM   #6
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Congrats. The 1st million is the hardest.

I was barely at that mark when I was 40, not counting RE.
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Old 11-19-2021, 11:38 AM   #7
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Quote:
Originally Posted by brokrken View Post
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!
Congratulations!
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Old 11-19-2021, 11:49 AM   #8
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Congrats. You are on your way to early retirement.
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Old 11-19-2021, 12:32 PM   #9
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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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Old 11-19-2021, 01:25 PM   #10
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Congrats!
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Old 11-19-2021, 04:03 PM   #11
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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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Old 11-19-2021, 04:17 PM   #12
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Congrats!

I'd definitely include your home equity though for net worth!
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Old 11-19-2021, 04:24 PM   #13
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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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Old 11-19-2021, 04:24 PM   #14
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Thanks everyone. Much appreciated!
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Old 11-19-2021, 04:25 PM   #15
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Congrats!

I'd definitely include your home equity though for net worth!
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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Old 11-19-2021, 04:28 PM   #16
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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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Old 11-19-2021, 06:01 PM   #17
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That's a lot of rice and beans! Congrats!
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Old 11-19-2021, 06:39 PM   #18
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Congratulations! 3M is my next target. Hopefully I can get it by 2023
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Old 11-19-2021, 06:45 PM   #19
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Lack of mortgage payments are helping much with my cash flow needs -
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Old 11-19-2021, 08:01 PM   #20
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Congrats and welcome to NC!
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