I am divorced and not really dating anybody so I thought I would share this news here because it would not seem appropriate to tell family or close friends, but for the first time my net worth (including condo) topped $1 million this week! I also paid off my mortgage earlier this month.
Summary of the stats: (Age 45)
401(k): $687,115
Condo Value: $150,000
Liquid Assets: $68,101
HSA: $8,184
Exercisable (net) Stock Options: $91,650
Total: $1,005,050
I will feel much better when I can say my Net Worth is over a $1 million excluding my condo but neverless it still feels good to hit this mini-milestone.
My goals are to FIRE in 5-7 years with at least $1.25 million in assets minus the condo. 3 years ago after the market collapse that plan looked pretty hopeless but I think I am on track to hit my goal if the markets even just do OK (3-4%). Having recently paid off the condo (was making double payments) I should be able to save about 35-40% of what I make for the next 5-7 years. This should allow my portfolio to grow even without great returns.
For those interested my allocation looks something like : 55% US Equities, 15% Foreign Equities, 20% bonds, and 10% cash equivalents.
Summary of the stats: (Age 45)
401(k): $687,115
Condo Value: $150,000
Liquid Assets: $68,101
HSA: $8,184
Exercisable (net) Stock Options: $91,650
Total: $1,005,050
I will feel much better when I can say my Net Worth is over a $1 million excluding my condo but neverless it still feels good to hit this mini-milestone.
My goals are to FIRE in 5-7 years with at least $1.25 million in assets minus the condo. 3 years ago after the market collapse that plan looked pretty hopeless but I think I am on track to hit my goal if the markets even just do OK (3-4%). Having recently paid off the condo (was making double payments) I should be able to save about 35-40% of what I make for the next 5-7 years. This should allow my portfolio to grow even without great returns.
For those interested my allocation looks something like : 55% US Equities, 15% Foreign Equities, 20% bonds, and 10% cash equivalents.