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Old 11-03-2017, 05:49 PM   #21
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Made lots of mistakes and hit no homeruns, but a steady habit of saving and investing in retirement accounts has overcome all the missteps. Boring, but effective.
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Old 11-03-2017, 05:54 PM   #22
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No financial home runs for me. But I would say the number one thing that motivated me and continues to motivate me was to get the snowball rolling toward compound interest and then do everything I can to keep it rolling . The bigger the snowball gets the faster it rolls.
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger

The first rule of compounding: Never interupt it unnecessarily. Charlie Munger
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Old 11-03-2017, 05:56 PM   #23
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The "Home Run" for me was going to work for mega corp right after College. I started at $11,000 a year with a company car and a PENSION. 33 years latter I retired with said pension and 7 figures in my 401K.
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Old 11-03-2017, 06:04 PM   #24
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Two goodies:

First: Bought a small townhouse in 2002, sold in 2005. that was the height of the RE boom and I made 100% profit after agent fees. that gave me a nice nest egg to get started. yes that is not a typo I sold it for double what I paid in 3.5 years.

Second: We were FI, and ready to RE. I had been with MC for 25 years and seen most of my colleagues over the years get a package but never got close myself. I started, with subtlety, to talk my boss into the idea...I could see he was nibbling at the bait... 6 months later I was training my replacement and RE'd with 60 weeks paid+extra half year bonus and vacation.
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Old 11-03-2017, 06:15 PM   #25
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Worked for two companies over 30 years. Both had pension plans, stock options, 401k's and excellent salaries. Didn't make any real stupid investment mistakes. The rest kind of took care of itself.
FIRE'D in July 2009 at 51...Never look back!
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Old 11-03-2017, 06:20 PM   #26
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I had fortuitous timing in one year...

I met and married DH - a LBYM type guy. I felt guilty that I had consumer debt (credit cards and a car loan) vs him with no debt (even a house debt free.). Fortunately for me my company was acquired and all of my stock options vested immediately. And the market liked the acquisition of the company so the stock price went through the roof. I cashed out the stock options, coincidentally, within $2 of the peak price of the stock... it then went on to split... then crash. It never ever recovered. I used the money to pay off all my debt except my mortage, pay for a travel sabbatical with my new husband, and seriously pad my emergency funds.

So - my homerun was meeting my husband, feeling guilty about the debt, and cashing out my stock to retire the debt.

Been debt free (except for mortgage) till very recently. Retired the mortgage 3 years ago... but currently have an zero interest car loan... who would turn down free money?
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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Old 11-03-2017, 06:29 PM   #27
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Originally Posted by 97guns View Post
Maybe you have many but Im guessing to be Fired you had to have hit at least 1 homer
In 2005 I was 45 and tracking at megacorp for an aged 62 retirement. Maxing out my 401k and estimating SS. I had long dabbled in a taxable brokerage and rode the ups ands downs of many stocks with ok results but nothing that could impact the age 62 target.

Then in early summer 2005 after hearing Apple was switching over to Intel for their Macs, I took a look at the company (had never any of their products), and jumped in.

I mean my brokerage account that normally held 8-12 stocks was converted-liquidated to 3 stocks with AAPL the focus (over 75% of my capital going in at just over $7 a share). The rest as they say is history.

Held tight, adding occasionally, trading small lots in and out as opportunities arose but never losing the focus. Finally diversified in 2016 as FIRE was now possible by year end. Now I am 58 with my AAPL profits funding the gap until SS and 401k kick in to take me home.
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Old 11-03-2017, 06:37 PM   #28
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Mostly I’ve plodded along like others, but I had a quick 4-bagger with OC following the 1987 crash and a “15-bagger” with CSCO after that and something like a 10-bagger on MSFT and INTC. I was all funds by 2001.

Extra credit if you know who used the term “X-bagger.”
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 50% equity funds / 30% bond funds / 20% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 11-03-2017, 06:42 PM   #29
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Still swinging at the good pitches that come my way
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Old 11-03-2017, 06:43 PM   #30
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Was always able to adjust consumption to fit income, hated paying interest but had big real estate dreams. Met the gal and after a bit she discovered a program called Zilch:
Zilch Standard - Easy to use debt reduction software | ZilchWorks
Zilch seemed pretty obvious and a given to me - pay the highest interest debt off first, then roll the retired debt payments into the next highest interest debt, etc. - for her though it was a revelation. An angelic chorus sang, light filled the room and she was filled with that light. Zilch + her hard work ethic sent us around the bases.
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Old 11-03-2017, 06:49 PM   #31
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No home run here, but just a lot of singles with a round of balls and strike outs along the way; dot-com bust, housing bust, financial crisis and seeing company stock drop from 60 to 16. Just stayed with the game for 35 years and guess like a hitter in the majors even hitting .333 is enough to be considered a win.
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Old 11-03-2017, 06:57 PM   #32
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I did hit a home-run. I wish I had a long term job that I stuck with, but I never made a good employee. Looking back, it's easy to see that being a teacher, police officer etc. can set one on a secure financial retirement.

For many a year, I plodded along, just keeping my head above water.

In the early 2000s, I bought and sold a few properties before the melt down. Would have bought more at the time, but couldn't get my hands on cheap money.

Those few properties set me for life. Have always been a LBYMs guy.
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Old 11-03-2017, 07:03 PM   #33
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No home runs, or even extra base hits. After my 1990 California divorce, i was almost bankrupt with no job and big alimony and child support payments. I just put my nose to the grindstone and kept swinging.

Actually, I'm not even sure how I got to the two comma club and also own two houses free and clear.
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
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Old 11-03-2017, 07:06 PM   #34
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Went to work for Mega Corp 1. That was a double.
Didn't marry several of my GF's. Great games but I won them all by a home run in the final inning.
Married the DW. That was a Grand Slam.
Invested the max amounts in 401k matching program for 25+ years. Another home run or two.
Invested in the market for years. Lots of foul balls, strike outs, a few singles a double here and there but no home runs.
Went to work for Mega Corp 2. That was a four game series sweep with lot's of home runs.
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Old 11-03-2017, 07:15 PM   #35
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No home runs for me. Solid singles, LBYM, and 40 years of working.
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Old 11-03-2017, 07:17 PM   #36
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Originally Posted by Midpack View Post
Extra credit if you know who used the term X-bagger.
Peter Lynch?
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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Old 11-03-2017, 07:22 PM   #37
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Originally Posted by razztazz View Post
Anything that might be considered a "home run" I would say was just being born in the right year. After a brief few years of working at a relatively low wage job I dumped almost every nickle I had into mutual funds in 1984. History did the rest.
This. Same for anyone currently in their 50s who invested in the stock market.

The early 80s began one of the greatest bull markets ever - in my mind it has been a continuous bull, just interrupted by corrections in '87, '00, and '08.

I was also fortunate that my peak megacorp earnings years started right around 2009.

Lucky but I'll take it.
FI and Semi-ER March 24, 2017
Consulting to stay engaged

"All models are wrong, some are useful." - George Box
There is always a well-known solution to every human problem: neat, plausible, and wrong. - H.L. Mencken
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Old 11-03-2017, 07:31 PM   #38
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I had an employment contract that specified a (ahem) quite hefty payout should I not be hired by an acquiring company.

We were acquired. They paid. I retired.
Living well is the best revenge!
Retired @ 52 in 2005
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Old 11-03-2017, 07:46 PM   #39
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Originally Posted by marko View Post
I had an employment contract that specified a (ahem) quite hefty payout should I not be hired by an acquiring company.

We were acquired. They paid. I retired.
The Johnnie Cochrane method:

If they acquire but do not hire...... you must retire
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Old 11-03-2017, 07:47 PM   #40
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Started an IRA at age 24 and contributed the max every year. Started saving to a 401(k) as soon as one was available to me. Not sure when I started maxing that out, but it was early. First thing I did after the honeymoon was get DW to max hers out, too.
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