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05-31-2007, 06:39 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,166
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Monday Milestones!
OK, well I know it's not Monday, but I like alliteration!
I thought I would just announce that I have reached the milestone where my FIRE stash, defined as:
+ My FIRE assets
+ My kids' college assets
- Mortgage
- Other debt
- NPV of kids' college expenses
- NPV of remaining child support payments
is positive! Woohoo!
Now if my annual expenses were $175.42, I could retire! 
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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05-31-2007, 06:51 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 1,183
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Once you have hit that milestone the compounding really seems to kick into overdrive! CONGRATS on a POSITIVE NET WORTH!!! 
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05-31-2007, 07:20 PM
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#3
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Full time employment: Posting here.
Join Date: Dec 2006
Posts: 509
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Positive net worth? What's that?
In all seriousness, that's wonderful news! Embracing the milestones really keeps me going and reminds me that it all is moving in the right direction even if sometimes it seems like nothing is happening...
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06-01-2007, 04:59 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,166
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Connie,
Thanks! I actually have had a positive regular net worth for a while, but I calculate a "FIRE net worth" that just went positive a few days ago. The latter ignores my home equity and includes the NPV for some fairly large expenses.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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06-01-2007, 06:55 PM
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#5
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Full time employment: Posting here.
Join Date: Mar 2007
Posts: 577
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Our Victory
Congratulations 2Cor!!!!!!!!!
DW wife and I had a big win last year too. Our NW surpassed our NW of 1995 when our first kid was born! Exciting stuff isn't it.
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06-02-2007, 05:02 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,358
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Congradulations
 Quote:
Originally Posted by SecondCor521
OK, well I know it's not Monday, but I like alliteration!
I thought I would just announce that I have reached the milestone where my FIRE stash, defined as:
+ My FIRE assets
+ My kids' college assets
- Mortgage
- Other debt
- NPV of kids' college expenses
- NPV of remaining child support payments
is positive! Woohoo!
Now if my annual expenses were $175.42, I could retire!
2Cor521 |
I wasn't in the negative at the time, but I remember when I first sought advice at this web site and ended up paying off my remaining mortgage and car payments. My net worth in the last three years has doubled and it does feel soooo good to know you are on your way. The increase savings causes increased gains causes increased clean air in one's life. Keep up the good work.
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06-03-2007, 05:50 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,166
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Thanks all!
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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10-28-2007, 09:56 PM
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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: Jun 2006
Location: Boise
Posts: 7,166
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OK, another milestone to announce!
Y'all (I can say that, I was born in the South, unclemick and Want2Retire!) know about the 4% rule, right?
Well, if I retired today, I would be under...yes under a 200% withdrawal rate for the first time ever!
Woohoo!
2Cor521
who knows it's not Monday where I am, but it is Monday where the Queen is...
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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04-01-2008, 06:40 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,166
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I had always hoped this thread would turn into a place where folks could celebrate their milestones, whatever they are...
At any rate, my withdrawal rate is now under 20% for the first time ever.
And my new retirement age is under 48 (47.60 to be precise) for the first time ever. I have 106 months to go to FI.
Due to negative CPI-P, I expect that number to continue to drop...
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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04-01-2008, 06:47 PM
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#10
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 46,765
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Congratulations! You're making great progress and before you know it, you will have reached your goals.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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04-01-2008, 06:55 PM
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#11
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Full time employment: Posting here.
Join Date: Jul 2007
Posts: 678
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Congratulations! Impressive growth, especially given the tumultuous market conditions.
I was thinking it's been pretty quiet lately for NW milestones. Thanks for cheering us up!
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04-01-2008, 06:56 PM
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#12
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Congratulations ! You are doing a great job ! What a great Dad you are !
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04-01-2008, 08:27 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Woo-hoo! Just calculated our portfolio return for the last 12 months. It's above 0%!!!
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04-01-2008, 08:39 PM
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#15
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 46,765
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Quote:
Originally Posted by LOL!
Woo-hoo! Just calculated our portfolio return for the last 12 months. It's above 0%!!!
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Yay!! It could be worse with all this volatility!
Most of my nestegg is in my taxable account, which is up 1.6% since I last added to it on February 14th. That's a lot better than it could have been, so I'm happy.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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04-02-2008, 08:33 AM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,166
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__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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04-02-2008, 09:32 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Location: Alexandria, Va
Posts: 1,053
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Congrats, secondcor!
__________________
Two roads diverged in a wood, and I - I took the one less travelled by...
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04-02-2008, 09:47 AM
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#18
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Full time employment: Posting here.
Join Date: Jun 2004
Location: Calgary
Posts: 805
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Quote:
Originally Posted by SecondCor521
At any rate, my withdrawal rate is now under 20% for the first time ever.
And my new retirement age is under 48 (47.60 to be precise) for the first time ever. I have 106 months to go to FI.
Due to negative CPI-P, I expect that number to continue to drop...
2Cor521
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That's great!
Our NW hit a new milestone yesterday at $1.41 million
__________________
I can only be nice to one person today! Today is not your day...tomorrow doesn't look good either.
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09-09-2008, 06:26 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: Jun 2006
Location: Boise
Posts: 7,166
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OK, I just passed another milestone: Bronze FIRE!
"What the heck is 'Bronze FIRE'?" you ask?
It started with me wanting to establish intermediate milestones on my path to FIRE. I decided that full retirement at the 4% rule would be the gold standard for my retirement, so that became "Gold FIRE". As of today I have 66 months to Gold FIRE.
"Silver FIRE" assumes 40 hours a week at a minimum wage job, which really just translates into "I can 'retire' from my high-paying job and just work at Starbucks". As of today I have 18 months to Silver FIRE.
"Bronze FIRE" assumes 40 hours a week at a minimum wage job plus income from modest AOR's (see the posts above referencing my credit card arbitrage). As of today I am at Bronze FIRE. After the minimum wage job and A0R income, I can live on a 2.13% withdrawal rate from my portfolio.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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09-09-2008, 08:37 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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Have I told you I like the way you think, 2Cor. That is awesome...Bronze FIRE...what a great term.
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
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