Share Your FIRE Milestones - 2021

[F.I.R.E User]

Quote:

Originally Posted by street You have done well and just keep up what you are doing and will succeed in your goal.

Thank you.

[karen1972]

Finally hit 100% in Firecalc for our bare minimum budget. We planned for this to be his last contract gig, but who knows, he finally found a job he actually likes, its easy, no pressure, great benefits so there may be more than one OMY in his future.

[Love This Community]

We crossed the magic $1,000,000 mark in our combined 401k accounts for the first time. Last time we came this close was 2 years back around 980,000.

[F.I.R.E User]

Quote:

Originally Posted by karen1972 Finally hit 100% in Firecalc for our bare minimum budget. We planned for this to be his last contract gig, but who knows, he finally found a job he actually likes, its easy, no pressure, great benefits so there may be more than one OMY in his future.

Wow. Awesome but 95% is enough too right?

[ATXFIRE2034]

We hit $1.1m NW today, highest mark yet. NW is up 19% YTD. I feel like we’re living in the twilight zone….

[F.I.R.E User]

Quote:

Originally Posted by Love This Community We crossed the magic $1,000,000 mark in our combined 401k accounts for the first time. Last time we came this close was 2 years back around 980,000.

What about overall assets?

[Finance Dave]

I think we’ve passed the peak on our portfolio…will be withdrawing more this year than we grow….largely due to a large tax bill that we owe from selling several rentals.

[Love This Community]

Quote:

Originally Posted by F.I.R.E User What about overall assets?

Overall is 1.7 MM plus excluding primary residence equity.

[karen1972]

Quote:

Originally Posted by F.I.R.E User Wow. Awesome but 95% is enough too right?

We have two goals, the bare minimum budget which we wanted to be at 100%
and the live it large budget which are only aiming for 95% that way we have lot of wiggle room.

[House Divided]

This is year 11 of FIRE. FIRECALC is still at 100%

[refi]

Just hit $6M net worth on my Mint tracking. $2.9M Real Estate, $2.5M equities, 600k liquid. Probably passed this earlier as i'm conservative on my real estate estimates, but hitting $6M feels awesome as I'm planning my corporate exit.

[F.I.R.E User]

I am at $665k. All time high. Age 45.

[Jeffman52]

Passed the $2M mark sometime in the last few months.

Celebrated my 60 years of circling the sun as well.

$2.2M net worth
$1.73M of that is investments and cash.

[teej1985]

Quote:

Originally Posted by F.I.R.E User I am at $665k. All time high. Age 45.

I'm super close to that, also an all time high, but 38.

[F.I.R.E User]

Quote:

Originally Posted by teej1985 I'm super close to that, also an all time high, but 38.

Do you have RE?

[teej1985]

Quote:

Originally Posted by F.I.R.E User Do you have RE?

No - it's all equities index funds + money market.

I rent currently, I've owned in the past though and probably would again, but most likely not in the coastal area that I currently live in unless there's a housing crash out here which seems doubtful.

[anothercog]

With the recent market run up I have hit my Lean FIRE goal!

Hopefully I’ll hit my Fat FIRE goal in 4-5 more years.

My youngest kid will graduate high school in four more years so that’s my target RE date.

[F.I.R.E User]

Quote:

Originally Posted by teej1985 No - it's all equities index funds + money market. I rent currently, I've owned in the past though and probably would again, but most likely not in the coastal area that I currently live in unless there's a housing crash out here which seems doubtful.

Same here. Never had RE. Renting all the time.

[Markola]

Quote:

Originally Posted by F.I.R.E User Same here. Never had RE. Renting all the time.

Honestly, looking back, I wonder if renting isn’t better overall over the course of a lifetime vs. being freed from all the costs of owning to able to plow more into stocks? No one tells you that starting out, though, and all your friends are stretching to buy houses, so that’s what you do, too.

[Lewis Clark]

Quote:

Originally Posted by Markola Honestly, looking back, I wonder if renting isn’t better overall over the course of a lifetime vs. being freed from all the costs of owning to able to plow more into stocks? No one tells you that starting out, though, and all your friends are stretching to buy houses, so that’s what you do, too.

Renters don't pay for the costs of owning directly, but renters do pay indirectly through the rents. And renters also pay a profit to the property owner.

I suspect (without any data) that people will rent a home that is smaller than one they might buy in many cases. A smaller home will usually have lower maintenance costs all else being equal.

There are a lot of variables depending on what we might buy versus what we might rent. And how much home maintenance we are able to do ourselves versus paying someone else. And how often we expect to move. Owning is probably better in some situations. Renting is probably better in other situations.