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Old 01-22-2020, 08:24 AM   #2141
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Hey Wanderinhwheelz, I wish I had your financial advisor, or that mine had invested in whatever is in your portfolio. I have never had that good a year and have just about regained all I lost in 2000 and 2008 market downturns. I was up a lot more than down in 2018, for a change, but nowhere near doubling, and triple would let me stop worrying about outliving my money. Good for y'all. You made excellent decisions!
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Old 01-24-2020, 04:50 AM   #2142
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What do you plan to do for health insurance?
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Old 01-24-2020, 04:52 AM   #2143
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Passed another M mark in our portfolio today- and retirement package starts in 43 days. Whoop whoop!
What do you plan to do for health insurance? I feel held hostage at work to keep this.
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Old 01-24-2020, 04:56 AM   #2144
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The first M was in 2006
Took until 2013 for the second M
Third was in 2015
Fourth in 2017
Fifth last year.
The plug gets pulled in about 5 months
Great work, Iíd love to learn your story. High earner?
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Old 01-24-2020, 05:42 AM   #2145
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What do you plan to do for health insurance? I feel held hostage at work to keep this.
We had an individual policy with BCBS before ACA, and were one of the few people we know whose policy did not get cancelled. I do have the option to buy HI through work for about the same price as BCBS is now but am hesitant to let my current policy go. I have a year to decide. Have heard of companies cutting retirees healthcare. It's expensive, but it could triple before it became a serious problem.
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Old 01-24-2020, 06:07 AM   #2146
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Great work, I’d love to learn your story. High earner?
Later in life yes. Early on I had salaries of $18,000, $25,000, $32,000. We always saved no matter what we made. I finally saved enough to start a business. Same thing happened there. First year made $32,000, but that is where things really started to change. My income went to $60k, $80k, $120k, $180k...things topped out around $300k, but it took a looooooooong time to get there. I also bought a commercial building and the equity in that has gone up about 8x -10x.
The markets helped a lot too. I was nearly 100% equities for much of my life. Only in the last few years have I taken some off the table moving into more income generating investments.
Retirement at age 57 happens July 10th of this year.
It’s been a wild ride, but I am ready for the next adventure.
Thanks for asking.
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Old 01-26-2020, 07:06 AM   #2147
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Share your FIRE Milestones

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Originally Posted by COcheesehead View Post
Later in life yes. Early on I had salaries of $18,000, $25,000, $32,000. We always saved no matter what we made. I finally saved enough to start a business. Same thing happened there. First year made $32,000, but that is where things really started to change. My income went to $60k, $80k, $120k, $180k...things topped out around $300k, but it took a looooooooong time to get there. I also bought a commercial building and the equity in that has gone up about 8x -10x.
The markets helped a lot too. I was nearly 100% equities for much of my life. Only in the last few years have I taken some off the table moving into more income generating investments.
Retirement at age 57 happens July 10th of this year.
Itís been a wild ride, but I am ready for the next adventure.
Thanks for asking.


I see a lot of threads like this Ďstarted out low salary only earning 32kí

Indexing $32k, 35 years ago for inflation is the equivalent of earning 80k today. Thatís probably at least a top 10% starting salary for today?

Does that sound right or am I missing something?
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Old 01-26-2020, 07:26 AM   #2148
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I see a lot of threads like this ‘started out low salary only earning 32k’

Indexing $32k, 35 years ago for inflation is the equivalent of earning 80k today. That’s probably at least a top 10% starting salary for today?

Does that sound right or am I missing something?
The first year of the business when I made $32k was 20 years ago not 35 and at the time my contemporaries further along in their careers where making 6 figures. Typical seasoned people in my profession where making in the $75k - $200k range. So yes, $32k was low by any measure.
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Old 01-26-2020, 11:52 AM   #2149
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Quicken indicates we also crossed the 2.0M threshold in late March 2019, then kept dancing back and forth for 4-5 months. I just took out 65k from the 403b, but hopefully we'll stay above the Mendoza line, barring a correction.

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So hopefully, with luck, if I do cross back below the $2.0M threshold, it wont be very often. Or, for very long!

I guess the next major goal would be $3M, but honestly, I really don't care if I ever reach that one or not. Unless you factor in inflation, which does tend to creep up on you. Even though it's been low, it's still been enough to raise things roughly 50% in the past 20 years. So, by the time 2040 rolls around, $3M might only be the same as $2M today.
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Old 02-04-2020, 01:38 PM   #2150
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Just sold enough stock to cover 9 months of expenses for use in the last nine months of 2020...getting ready to RE! Getting ready to blow that dough!
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Old 02-04-2020, 02:01 PM   #2151
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Aand, sure enough, I crossed that $2M threshold again, going the wrong way! I think I ended up peaking around $2,019,000 around January 17, but settled in at the end of the month around $1,962,000. But, it looks like I might cross it again, today...
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Old 02-04-2020, 05:42 PM   #2152
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Just sold enough stock to cover 9 months of expenses for use in the last nine months of 2020...getting ready to RE! Getting ready to blow that dough!
Congratulations Bill!!! Enjoy it!!
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Old 02-04-2020, 06:21 PM   #2153
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Just sold enough stock to cover 9 months of expenses for use in the last nine months of 2020...getting ready to RE! Getting ready to blow that dough!

Woohoo! Congratulations!
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Old 02-05-2020, 06:53 PM   #2154
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Just sold enough stock to cover 9 months of expenses for use in the last nine months of 2020...getting ready to RE! Getting ready to blow that dough!
Congrats! Enjoy those first days of freedom!
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Old 02-06-2020, 02:49 AM   #2155
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Had to adjust column width in my tracking Excel. One number at the bottom didn't fit anymore. Cause we are a millionaire!

Disclaimer: This is joint net worth for DW and me. More than half of it is home equity.
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Old 02-06-2020, 05:23 AM   #2156
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Had to adjust column width in my tracking Excel. One number at the bottom didn't fit anymore. Cause we are a millionaire!

Disclaimer: This is joint net worth for DW and me. More than half of it is home equity.

Nice!!! & Congratulations. The first mil is the toughest....the good news is the second one happens faster.
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Old 02-06-2020, 05:45 AM   #2157
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Had to adjust column width in my tracking Excel. One number at the bottom didn't fit anymore. Cause we are a millionaire!

Disclaimer: This is joint net worth for DW and me. More than half of it is home equity.
It's pretty cool to hit that!

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Nice!!! & Congratulations. The first mil is the toughest....the good news is the second one happens faster.
Yep.
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Old 02-06-2020, 05:48 AM   #2158
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At 54, i'm $200 away from my next milestone at $300,000 in my 401K, (also will have 30 year pension). With finally having an empty nest, and soon be paying off a HELOC, and another loan, I should have close to $2500 month extra, to invest going forward.
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Old 02-06-2020, 07:20 AM   #2159
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I always enjoy to read "Milestones" it makes me very happy with all the success, hard work and joy people have reaching new highs.
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Old 02-06-2020, 10:12 AM   #2160
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Had to adjust column width in my tracking Excel. One number at the bottom didn't fit anymore. Cause we are a millionaire!

Disclaimer: This is joint net worth for DW and me. More than half of it is home equity.

Congratulations! Even with that little disclaimer, that's still an awesome milestone!

I remember when I hit $1M, I got a bit excited because I had to adjust my graphic plot. The Y-axis only went up to $1M, so the line went off the chart!
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