Share your FIRE Milestones - 2013- 2020

[Katoslake]

Quote:

Originally Posted by Out-to-Lunch Paid off the last $3.5k of my mortgage today! (I actually left about $20 balance on the principal just so that they simply pay my 2020 taxes from the escrow as scheduled. I'll clean up the rest and close it out in January.)

Well done !

[CSdot]

We paid off the Mortgage *I think :-)

Two days ago I used the online portal to pay the amount they show as the Payoff (which you can have the system generate which includes some interest and a $10 mortgage satisfaction fee), but the online portal kicked back my attempted payment saying my payment was in excess of the $170,525.57 they show as the outstanding balance.

So next I paid the $170,525.57 showing as the outstanding balance. It was a little anti-climatic, because unlike transferring money from one account to another, which is instantaneous, the mortgage page showed the outstanding balance as $170,525.57, but with a pending payment of $170,525.57.

After a day I guess they decided to credit the $170,525.57 payment (through it still shows as pending), and the new balance said $1,239.48 (which seems to be @ $700 more than I recall the difference between the earlier "payoff" and the "outstanding balance."

Anyway, rechecked the "payoff" amount, which was $1,249.69 (they want and extra $10 to record the satisfaction, plus presumably a few pennies for interest), and tried to pay that figure last night. Nope, once again, the online portal kicked it back saying the $1,249.69 (the exact amount they say they want) was in excess of the $1,239.48 they show on the screen as the outstanding balance.

So I enter in the $1,239.48 figure, and now the mortgage page shows the outstanding balance as $1,239.48, but with a pending payment of $1,239.48. Once again, anti-climatic since I want to see $0, but I suspect it will reflect the new amount in a day or two.

Fortunately property taxes were just paid on 12/2, so that won't be an immediate worry.

Maybe they will take the $10 they want to record the satisfaction, plus the few pennies for the extra day of interest on $1,239.48 from the remains $916.49 in escrow and I can finally be debt free.

Cars are paid for. CHECK
Three kids' college paid for. CHECK
House paid for. CHECK
7-figures in the retirement accounts. CHECK
Solid 6-figures in non-retirement accounts. CHECK

Edging closer and closer to FIRE.

[Out-to-Lunch]

Quote:

Originally Posted by CSdot So I enter in the $1,239.48 figure, and now the mortgage page shows the outstanding balance as $1,239.48, but with a pending payment of $1,239.48. Once again, anti-climatic since I want to see $0, but I suspect it will reflect the new amount in a day or two.

My congraulations [pending]

[CSdot]

Quote:

Originally Posted by Out-to-Lunch My congraulations [pending]

Thanks!!

[F.I.R.E User]

I was at late $200k in late March this year.

Now, I am at $456k. I would love to see $500k before the year ends.

[walk]

The last few months have been oddly good to me financially, bringing me to 47x my target retirement yearly spend in savings (but no property)

Still young (<40), unmarried, no house. The target yearly spending in retirement is over 70% higher than what I actually spend in a typical year, but I'm hoping that a large enough nest egg will give me the comfort to be better about spending money in the future.

Planning to keep padding the nest egg for the next five to ten years and then challenge myself to never let money be a factor in choosing whether and where to work again.

[F.I.R.E User]

Quote:

Originally Posted by mrfeh Net worth is very simple: value of all assets - all liabilities So, yes. Doesn't matter if the car is a 15 year old Toyota or a '71 Hemi Barracuda Convertible.

What about home furniture?

[The Cosmic Avenger]

Quote:

Originally Posted by F.I.R.E User What about home furniture?

What do you think you could realistically get if you tried to sell your furniture? I've sold a lot of things through local groups over the years, and I've posted a LOT more than I've ever sold, a lot of it winds up being donated or trashed. Sometimes I repost it for free just to get rid of it; I've done that with furniture, light fixtures, you name it. You'd have to sell it for very little to be assured of selling it all off, so I would say most people couldn't get more than $1-5K for furniture and home furnishings, not a significant addition to NW. You can sometimes get floor models or returned products with tiny blemishes for 50-75% off, so I'd say 25% of your purchase price is the MOST you can expect for the best of it.

[karen1972]

We hit $1.5M NW
He hit $100k investible and more importantly achieved 2 years employed at a fortune 500 company. For many that may seem like an odd comment, but some people struggle significantly with the big corporate culture and thus take jobs that pay a fraction of what they could make, making FI nearly impossible. Its been a decade long struggle for us, first to get him in the door (as those companies like resumes to look a certain way, worked a certain companies for x years, with Y job titles, its been a multi-phase journey), then it was finding a fit where he could manage the day to day BS.

[kingfisher]

Quote:

Originally Posted by Vincenzo Corleone Reached 50X expenses. Holy smokes. Never in a million years would I have thought this possible. DW still works. I became a lazy bum in 2018. Sorry if I sound like a braggart - I don't mean to. But I have no one else to share this with other than my wife.

fantastic!

[anothercog]

Quote:

Originally Posted by 427Vette My fidelity account hit 3.5 million today, net worth is 5.6m ...feels REALLY good! Admittedly sometimes I wonder how this happened. I am just a blue collar guy who wears a tool belt for a living with no college education. I buy whatever I want whenever I want it. I feel very fortunate to have reached this level. Congratulations to everyone else on your milestones. I like to read about other peoples successes.

That is amazing. Congrats!

[knucklehead 61]

rolled the IRA odometer over again today. finally got past the 2mm mark!
paid off one of the rentals mortgage a couple months ago as well.
while 2020 has been a bad year for many, it's been fantastic financially to me!

[CSdot]

Quote:

Originally Posted by Out-to-Lunch My congraulations [pending]

It's OFFICIAL!! We are DEBT FREE!! Plus 7-figures already saves for retirement.

[Calico]

Quote:

Originally Posted by CSdot It's OFFICIAL!! We are DEBT FREE!! Plus 7-figures already saves for retirement.

Congratulations!!

Your screen shot made me laugh out loud, because I captured exactly the same info when I paid off my mortgage in 2017 - I wanted to SEE that "PD in Full" and "Amount Due $0.00" before I could relax.

[Out-to-Lunch]

Quote:

Originally Posted by CSdot It's OFFICIAL!! We are DEBT FREE!! Plus 7-figures already saves for retirement.

Congrats!

I mentioned upthread that I paid off most of the balance the other day. Here is what my account looks like today, so I guess I am a cup of coffee away from your status!

[robnplunder]

Passed $3M asset milestone. That's $500k more than what I started out with about 5 years ago when I pulled the trigger.

[HawaiiShrimp]

Reached $13M net worth

[54andchange]

Two Comma Club, times Two. So happy I retired immediately when I hit my number! Life is too short.

[fassmac]

Passed my FIRE goal of $2.5 MM today not counting the house. I have been so looking forward to this day. I'm going to work two more years and that's it. Fantastic feeling when you know you could just drop it all and walk out.

[hotwired]

Nice work! Are you adhering to the 4% rule? I've heard (lately) that 5% is dang near bulletproof as well, as long as you adhere to a few rules. Your number strikes me as having enough to do 80K with the 4% rule PLUS have 500K "on the sideliness" as a buffer. Is that what you're thinking or are you thinking 100K straight using the 4% rule? ... or something else?