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02-02-2012, 11:25 AM
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#1
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Dryer sheet wannabe
Join Date: May 2010
Location: cleveland
Posts: 23
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100K Milestone
Hello all,
First time posting in awhile - though I lurk and read sometimes. Just wanted to throw out some good news...finally hit my first 100k after 12 years of working and saving! Seems like I should've hit a year ago after reaching 99,500 early last year. But...my contributions and earnings weren't enough to overcome the hurdle. Nevertheless, I'm there! 10% of a millionaire!!! 
Maybe I will pour myself 1/10th of a glass of wine on this work night!
halcyon
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02-02-2012, 11:27 AM
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#2
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,357
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Congratulations!
The best part is that the more you have, the faster it can grow.
__________________
I thought growing old would take longer.
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02-02-2012, 11:52 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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Congratulations - and here's to the next milestone!
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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02-02-2012, 12:03 PM
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#4
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Full time employment: Posting here.
Join Date: Apr 2010
Posts: 853
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congrats! it's a big one.
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02-02-2012, 12:20 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,304
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 Quote:
Originally Posted by braumeister
Congratulations!
The best part is that the more you have, the faster it can grow.
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+1, took the words right out of my mouth.
Congrats on your great progress halcyon. Stick with it, it really does seem to accumulate faster and faster if you do!
__________________
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 / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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02-02-2012, 12:23 PM
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#6
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Dryer sheet wannabe
Join Date: May 2010
Location: cleveland
Posts: 23
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Thanks for the well-wishes.
I'll definitely keep contributing what I can, but the budget has become slimmer with the addition of 2 kids in the last 3 years.....and one with a 2-month stay in the NICU!
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02-02-2012, 01:12 PM
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#7
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Recycles dryer sheets
Join Date: Oct 2011
Posts: 122
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Congrats! I'm glad to hear about people who make the goal of saving a priority instead of spending every last penny before they earn it.
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02-02-2012, 01:59 PM
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#8
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Full time employment: Posting here.
Join Date: Aug 2006
Location: athens
Posts: 802
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Congratulations! You are now in a very exclusive club. The percentage of people that achieve this milestone is small. I know it is a clique, but it really does grow faster for you now.
__________________
Can't you see yourself in the nursing home saying, " Darn! Wish I'd spent more time at the office instead of wasting time with family and friends."
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02-02-2012, 02:42 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,373
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Quote:
Originally Posted by halcyon
Maybe I will pour myself 1/10th of a glass of wine on this work night!
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Congratulations!!! Actually, with $100k, I think you should savor the moment and have a whole glass or a whole bottle.
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02-02-2012, 02:44 PM
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#10
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Full time employment: Posting here.
Join Date: May 2010
Posts: 862
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I was fully expecting to hear about how your automobile reached it's 100K Milestone with the proper maintenance, oil changes, tune ups, and tire rotation.... 
Silly me, just remembered this is the FIRE forum.
Congratulations are definitely in order, - a bank account at 100K and climbing is way better than an automobile at 100K and climbing.. 
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02-02-2012, 07:09 PM
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#11
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Recycles dryer sheets
Join Date: Jan 2012
Posts: 214
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Quote:
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Originally Posted by halcyon
Hello all,
First time posting in awhile - though I lurk and read sometimes. Just wanted to throw out some good news...finally hit my first 100k after 12 years of working and saving! Seems like I should've hit a year ago after reaching 99,500 early last year. But...my contributions and earnings weren't enough to overcome the hurdle. Nevertheless, I'm there! 10% of a millionaire!!!
Maybe I will pour myself 1/10th of a glass of wine on this work night!
halcyon |
(((2035 toasting with non-alcoholic champagne)))
Congrats... I hit 100k in early Jan and am already at 106k...including contributions.
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02-02-2012, 07:18 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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When encouraging friends and younger people to save, I try to impress upon them that if they get into the habit of doing it regularly (i.e. treating saving like another bill that has to be paid) that at some point they will start realizing they have quite a lot of money. I can tell from the response received that they don't quite believe me. With some people, it doesn't matter how hard I try to tell them that I once just had a few hundred bucks to my name and still sometimes can't quite believe that I managed to save all this moolah - they won't accept that they could do the same thing too if they wanted.
Glad you're not one of those people halcyon and welcome to the club!
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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02-02-2012, 07:22 PM
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#13
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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You reached $100K even with two little peanuts under 3 years old (and I hope they are both healthy little ones today)? That is just amazing!
Sooner than you think, you'll see $200K.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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02-02-2012, 07:49 PM
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#14
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Full time employment: Posting here.
Join Date: Oct 2007
Posts: 621
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Congratulations !!!!
Kudos & lot of credit to you, saving with 2 little kids, I know how difficult it is to save when kids are that young.
Not many couples with out kids can pull that off.
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02-02-2012, 08:40 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 3,532
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Congratulations!
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02-03-2012, 07:12 AM
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#16
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Dryer sheet wannabe
Join Date: May 2010
Location: cleveland
Posts: 23
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Well, we were able to save a lot more to our retirement accounts before our two peanuts came out of their shells. We had to back off on our accounts a bit to contribute to their 529s....but that's worth it. And once we're done paying for daycare (the real stressor for us)...we'll have more money to contribute to everyone's accounts. As it is, 8-9k is still invested every year...which is ok for now.
We waited a while to have kids, so that I could build a decent financial foundation.
halcyon
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02-03-2012, 07:37 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Duesseldorf, Germany
Posts: 1,202
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Well done! Now do more of the same and do not forget to smell the roses...
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02-03-2012, 12:34 PM
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#18
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Recycles dryer sheets
Join Date: Apr 2011
Posts: 106
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Gratz on your accomplishment.
I hope you earn better returns than I have the past 10 years  Everyone keeps saying how it starts to snowball and grow faster but for me even though contributions now make up a very small% of my portfolio the returns have been so bad for the stock market the past 10 years I still get most of my growth from contributions.
__________________
I'm not obsessed with money, I'm obsessed with work! Er, rather the not doing it anymore part...
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02-03-2012, 02:56 PM
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#19
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Recycles dryer sheets
Join Date: Feb 2007
Posts: 59
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Quote:
Originally Posted by ChadR
Gratz on your accomplishment.
I hope you earn better returns than I have the past 10 years Everyone keeps saying how it starts to snowball and grow faster but for me even though contributions now make up a very small% of my portfolio the returns have been so bad for the stock market the past 10 years I still get most of my growth from contributions. |
My thoughts as well. This time last year I was up quite a bit. By the end of the year, half of the year's contributions vanished in a loss...
I'm already up $15k this year, but will I still be up at the end of the year? I keep seeing the snowballs in my account melt.
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02-04-2012, 11:13 AM
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#20
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Dryer sheet aficionado
Join Date: Sep 2010
Location: Salt Lake City
Posts: 45
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We're on about the same trajectory, Halcyon. I'm 12 years deep now too. Two kids and trying to pay off a big mortgage in the next ten years. I hit 100k one year ago, and got up to 115 around mid-year before everything tanked. The last two days have finally brought me to new highs. I'm pushing 117 now and hoping to make significant further gains this year.
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