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Old 09-02-2020, 05:33 PM   #21
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Congratulations! I want to be like you one day
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Old 09-02-2020, 05:46 PM   #22
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Congratulations!
2 million is my next goal. 😊
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Old 09-02-2020, 05:58 PM   #23
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You have done well, but 2m isn't a small milestone. Great job!
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Old 09-02-2020, 06:00 PM   #24
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What a nice milestone! Congratulations.
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Old 09-02-2020, 11:43 PM   #25
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Congratulations! Great milestone.
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Old 09-03-2020, 04:12 AM   #26
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The second million is easier.
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Old 09-03-2020, 07:52 AM   #27
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Thanks for all the Congrats, folks. Now back w*ork so I can reach the BIG milestone!
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Old 09-03-2020, 07:59 AM   #28
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Congratulations on your "small" attainment! Ain't it great when you and your spouse are on the same page financially?
Yes, if I had a spouse that was a spender, I don't know how long the marriage would last.
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Old 09-03-2020, 08:00 AM   #29
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Congratulations! What a wonderful achievement. How are you planning to celebrate? It's important to celebrate milestones to enjoy the journey.
Lots of beers. A tad bit of a headache this AM.
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Old 09-03-2020, 08:32 AM   #30
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CONGRATULATIONS! Enjoy your riches.
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Old 09-03-2020, 08:47 AM   #31
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A "small" milestone?? It sounds plenty big to me.

Congratulations!!
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Old 09-03-2020, 08:52 AM   #32
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I open a bottle of Veuve Clicquot or DP for every big milestone of that sort. I put the date on the cork and tuck it away -- with the other corks -- way up on a top book shelf, way in the back against the wall. Only I know they are there, but for some reason I get my jollies knowing I have that stash marking those big milestones.

That's a great tradition. I might start doing the same, but stashing the corks in a wine glass, way up in the bar.
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Old 09-03-2020, 11:00 AM   #33
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Definitely a big milestone. $2M was my "magic number" that I set as my threshold before retirement 5 years ago. Of course with the market up around 80% since then that worked out to be wildly conservative, but you never know until you go.
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Old 09-03-2020, 11:33 AM   #34
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Originally Posted by Mo Money View Post
I open a bottle of Veuve Clicquot or DP for every big milestone of that sort. I put the date on the cork and tuck it away -- with the other corks -- way up on a top book shelf, way in the back against the wall. Only I know they are there, but for some reason I get my jollies knowing I have that stash marking those big milestones.

Congrats to you; have a drink!
I like this idea! I think I might do something similar with the Mrs...buy her a nice bottle of Pinot, we are within sights of a psychological but not quite "technical" milestone... I think I might do something similar but instead start a little rock garden and hike around for celebration on our BIG milestones...

BIG milestones Yet to come:
- 1MM invested in equities
- Final debt payment (mortgage)
- The day we reach FI (Financial Independence)
- The day we decide to retire
- The day the wedding checks clear
- The day the "gift" letter is signed for the kiddos homes
- The first contribution to a grandchild's education account
- HOPEFULLY the final payment of all grandchildren's education

I see at least 8 rocks, if we go back in time I could add a few more with us both landing career jobs, getting married, buying first property, and having the kids.
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Old 09-03-2020, 12:12 PM   #35
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Nice job hitting that Milestone!! I would be good with hitting that Milestone prior to ER

Funny, my original magic number was 1M which seemed pretty unobtainable 10 years ago when I had less than 30K put away.

But its never too late to start so now here I am at 1.4M. At this point I have no magic number except my ER date. I will just continue to sock it away until then and see where I land.
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Old 09-03-2020, 12:42 PM   #36
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At this point I have no magic number except my ER date. I will just continue to sock it away until then and see where I land.
$3M is sort of my magic number, which I hope to have in 5 years. However, there are 2 other big pieces to my ER puzzle. First is bridging the gap to 59.5, as I'll be 48 when I ER if all goes as planned. DW is 5 years older than me, so we'll really only need to bridge 6 years. The second is managing income in order to stay under the ACA cliff during at least that bridge period and hopefully longer.
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Old 09-03-2020, 08:03 PM   #37
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Now, finding out you hit $2M at 43 is way more impressive & major than the OP. What percentage is post tax? My milestones were alway first, on paper, pre & post tax combined, then the same amount post tax. But now I’m 62.5 & already retired, so those are nowhere near as important to me as they used to be or as impressive. Now I just want to spend it!
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Old 09-03-2020, 08:07 PM   #38
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Nothing small about that. Congrats!
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Old 09-03-2020, 08:09 PM   #39
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Congrats, it probably went down a bit today with the Dow and Nasdaq losing 3% - 4%. But no worries.
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Old 09-03-2020, 08:12 PM   #40
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Now, finding out you hit $2M at 43 is way more impressive & major than the OP. What percentage is post tax? My milestones were alway first, on paper, pre & post tax combined, then the same amount post tax. But now I’m 62.5 & already retired, so those are nowhere near as important to me as they used to be or as impressive. Now I just want to spend it!


This is the issue. At this point, only about $400k of the $2M is post tax. I’m really trying to ramp up that bucket over the next 5 years.
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