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11-22-2020, 12:11 PM
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#2401
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,911
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__________________
"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
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11-22-2020, 12:13 PM
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#2402
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Thinks s/he gets paid by the post
Join Date: Jan 2016
Location: Rural Alabama
Posts: 1,353
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Quote:
Outstanding! Congrats to you!
__________________
Projected retirement--2020 at age 48 (done!)
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11-22-2020, 12:19 PM
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#2403
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,911
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Quote:
Originally Posted by ugeauxgirl
Outstanding! Congrats to you!
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Thank you so much!
__________________
"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
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11-22-2020, 08:01 PM
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#2404
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Recycles dryer sheets
Join Date: Aug 2014
Location: Minneapolis
Posts: 79
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Quote:
Thank you. 2.5 Years is awesome. I am told that after 2 years for me, I am in the clear. Congratulations. Life is precious.
I would love to retire but have really great health insurance that I have benefited immensely from (about 1 million in coverage) over the last 2 years. If medicare at 60 happens, I am free. Otherwise I will probably leave at 63.5 (3 more years) and cobra my way to 65.
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11-22-2020, 10:22 PM
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#2405
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,911
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Quote:
Originally Posted by Cantwaitanylonger
Thank you. 2.5 Years is awesome. I am told that after 2 years for me, I am in the clear. Congratulations. Life is precious.
I would love to retire but have really great health insurance that I have benefited immensely from (about 1 million in coverage) over the last 2 years. If medicare at 60 happens, I am free. Otherwise I will probably leave at 63.5 (3 more years) and cobra my way to 65.
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Thank you! Two years was definitely the first milestone, and after five years they say I can pretty much stop worrying.
I hear you on the health insurance, believe me. I was perfectly healthy my entire life - until the day I wasn't. My employer insurance paid out massive amounts of money - although nowhere close to a million! No early retirement for me - I will turn 65 on Christmas Eve, and I will retire on Dec. 31st. I've already made my first Medicare and Medicare supplement payments.
I think if the Medicare eligibility age is lowered, many people will retire at 60 - several of my slightly-younger friends and coworkers have already said as much to me. It would be a game-changer for sure.
__________________
"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
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11-23-2020, 10:15 AM
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#2406
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Recycles dryer sheets
Join Date: Aug 2014
Location: Minneapolis
Posts: 79
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Quote:
Originally Posted by Calico
Thank you! Two years was definitely the first milestone, and after five years they say I can pretty much stop worrying.
I hear you on the health insurance, believe me. I was perfectly healthy my entire life - until the day I wasn't. My employer insurance paid out massive amounts of money - although nowhere close to a million! No early retirement for me - I will turn 65 on Christmas Eve, and I will retire on Dec. 31st. I've already made my first Medicare and Medicare supplement payments.
I think if the Medicare eligibility age is lowered, many people will retire at 60 - several of my slightly-younger friends and coworkers have already said as much to me. It would be a game-changer for sure.
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Congratulations. Two incredible achievements, beating cancer and retiring (with healthcare)!! Slam dunk....Simply awesome.
I know exactly what you mean when you say you were perfectly healthy until you weren't. My story identically. I now have a different point of view on everything. Enjoy your victory's to the fullest....you've earned it.
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11-23-2020, 11:38 AM
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#2407
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,911
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__________________
"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
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11-23-2020, 12:28 PM
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#2408
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Posts: 1,016
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Quote:
Originally Posted by Cantwaitanylonger
Thank you. 2.5 Years is awesome. I am told that after 2 years for me, I am in the clear. Congratulations. Life is precious.
I would love to retire but have really great health insurance that I have benefited immensely from (about 1 million in coverage) over the last 2 years. If medicare at 60 happens, I am free. Otherwise I will probably leave at 63.5 (3 more years) and cobra my way to 65.
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I'll add my congrats. This week is my 12th anniversary of being cancer free.
__________________
Well of course it is my opinion, why would I express someone else's??
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11-23-2020, 09:49 PM
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#2409
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Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,193
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Should I add car value to net worth?
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11-23-2020, 10:26 PM
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#2410
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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No.
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11-24-2020, 03:37 AM
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#2411
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,878
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Quote:
Originally Posted by F.I.R.E User
Should I add car value to net worth?
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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.
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11-24-2020, 03:57 PM
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#2412
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Dryer sheet wannabe
Join Date: Jan 2012
Location: San Francisco
Posts: 12
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Quote:
Originally Posted by Jasonjam83
Update, DW and I just passed the 600k mark! Looking to lower expenses and increase our savings rate even more!
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Just thought I’d share an update on our progress - my DW and I just surpassed 1MM net worth (primary residence included).
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11-24-2020, 04:31 PM
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#2413
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Thinks s/he gets paid by the post
Join Date: Mar 2014
Location: Dallas
Posts: 1,150
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I just realized that I haven't posted my own update for a while (3 years) in this thread. Some of the milestones:
* Total networth to gross earned income ratio stands at about 9.5x compared to 6x 3 years ago.
* Savings rate (from earned income only) stood at about 56% of net earned income last year. This year looks like will drop to 50% due to one time expenses of setting up a new farm homestead. This may continue for few years.
* Total invested assets are closing in at 65% of the target.
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11-24-2020, 05:30 PM
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#2414
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,878
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Portfolio topped 3M for the first time today.
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11-24-2020, 06:15 PM
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#2415
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Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,193
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$450k today.
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11-24-2020, 06:15 PM
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#2416
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Dryer sheet wannabe
Join Date: Jul 2015
Posts: 18
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I hit $1.25M today. Started with 849k in January of 2016. I have not touched a cent nor have I contributed anything since December 2015. Five more years to 59.5. I never thought it would go up so quickly. Hoping this trend continues.
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11-24-2020, 08:25 PM
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#2417
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Dryer sheet wannabe
Join Date: Apr 2017
Posts: 11
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Just broke 1.5 million today. This is our magic number and I told my boss I’m outta there after bonuses come. 100 days to ER!!! I haven’t felt so calm and free for quite some time. I had a hard time deciding to leave a 200k/year job that I worked my a$$ off to get, but it’s the only thing that feels right. Looking forward to getting time with my 6 year old while he still wants to talk to me.
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11-24-2020, 08:27 PM
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#2418
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Dryer sheet wannabe
Join Date: Apr 2017
Posts: 11
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Quote:
Originally Posted by Cantwaitanylonger
Just passed 1.3 million in savings/IRA/401K (momentarily) plus have about 1.3 million in real estate including my house/rental/vacation house. That makes my happy but what really makes me ecstatic is that I just got the results from my oncologist and am still cancer free after 1.5 years!! Still working at 60...not sure how much longer to continue. The odd thing is that when I thought I didn't have much time left, I wanted to keep working to help my family's finances after I was gone. Now that I have a better outlook, I want to escape...Decisions...
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Congratulations on all fronts!!
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11-24-2020, 08:27 PM
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#2419
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Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,193
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Quote:
Originally Posted by azdre
Just broke 1.5 million today. This is our magic number and I told my boss I’m outta there after bonuses come. 100 days to ER!!! I haven’t felt so calm and free for quite some time. I had a hard time deciding to leave a 200k/year job that I worked my a$$ off to get, but it’s the only thing that feels right. Looking forward to getting time with my 6 year old while he still wants to talk to me.
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You told boss about bonus or the $1.5M?
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11-24-2020, 08:31 PM
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#2420
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Dryer sheet wannabe
Join Date: Apr 2017
Posts: 11
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Quote:
Originally Posted by F.I.R.E User
You told boss about bonus or the $1.5M?
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Told him I’m leaving the company after bonuses get paid. Not the net worth. We are good friends and I wanted to give him as much heads up as possible. He’s hoping I’ll change my mind. I won’t. :-)
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