Lawrencewendall
Full time employment: Posting here.
This is one of the few places where you can scream from the mountaintop that "I made it" without being a braggart. Congrats and serve as an inspiration for others still climbing the mountain.
Share your FIRE Milestones - 2013- 2020
- Thread starter FIREd
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This is one of the few places where you can scream from the mountaintop that "I made it" without being a braggart. Congrats and serve as an inspiration for others still climbing the mountain.
AreWeThereYet0
Recycles dryer sheets
Hit 1.65M in investments. Woot!
Vincenzo Corleone
Full time employment: Posting here.
- Joined
- Jul 20, 2005
- Messages
- 617
This is one of the few places where you can scream from the mountaintop that "I made it" without being a braggart. Congrats and serve as an inspiration for others still climbing the mountain.
Thank you both! And congrats to all!
AreWeThereYet0
Recycles dryer sheets
Yes. Congrats to everyone! Virtual toast!
First post on this site for me. Been lurking for a while and am impressed with the attitude and knowledge of the posters on this site. Turned 52 today and we site at a bit over $4.5M (w/o house). Had been targeting $5M @ 55 as our goal and with the recent market rally, this now seems reasonably achievable.
NateW
Recycles dryer sheets
- Joined
- Jul 30, 2011
- Messages
- 425
Welcome Srblanco7, and happy birthday. Excellent job, looks like you'll achieve your goal!
Retire2023
Recycles dryer sheets
- Joined
- Mar 10, 2019
- Messages
- 95
Thanks to another up day in the market, we passed the 3.5 mark! Sure to go below a few times at least in the near future before it sticks, but nice to see another marker passed for the first time.
Congrats. 6 yr old ? so you are still young I suppose. Nice to be able to tell your boss that you're out.
-- $200k in retirement accounts
-- Purchased 2 more investment properties this year with 20-30% equity
-- Total equity of my Real Estate portfolio is now $1M+
-- No CC or Car Loans
Focusing now on investing more in Mutual Funds and MAX OUT my ROTH and hopefully ER in 10-12 years!
-- Purchased 2 more investment properties this year with 20-30% equity
-- Total equity of my Real Estate portfolio is now $1M+
-- No CC or Car Loans
Focusing now on investing more in Mutual Funds and MAX OUT my ROTH and hopefully ER in 10-12 years!
Paid off my mortgage in year 11 of a 30 year mortgage. For the next 13 years I aggressively every month bought into the markets through mutual funds regardless of market conditions. I FIRE'd because I could. I then gave my notice and walked away from MegaCorp. 2009 market conditions was tough but I always kept my eye on the prize. Living below your means and simple healthy living helps get there too.
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ugeauxgirl
Thinks s/he gets paid by the post
Congrats to you. This is the only place we can talk about these things. I completely get it. Our net worth is also 50x expenses, but investments are only([emoji23]) 47x. My DH still works too.
427Vette
Recycles dryer sheets
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.
Congratulations to everyone else on your milestones. I like to read about other peoples successes.
Vincenzo Corleone
Full time employment: Posting here.
- Joined
- Jul 20, 2005
- Messages
- 617
Wow, that's really impressive. Congratulations!
Vincenzo Corleone
Full time employment: Posting here.
- Joined
- Jul 20, 2005
- Messages
- 617
Nice!
Out-to-Lunch
Thinks s/he gets paid by the post
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.)
(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.)Katoslake
Recycles dryer sheets
Paid off the last $3.5k of my mortgage today!
Well done !
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.
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.
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Out-to-Lunch
Thinks s/he gets paid by the post
F.I.R.E User
Thinks s/he gets paid by the post
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.
Now, I am at $456k. I would love to see $500k before the year ends.
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.
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
Thinks s/he gets paid by the post
What about home furniture?
The Cosmic Avenger
Thinks s/he gets paid by the post
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.
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.
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
Dryer sheet wannabe
- Joined
- Dec 4, 2020
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- 15
fantastic!
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