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11-30-2014, 11:54 PM
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#1
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Recycles dryer sheets
Join Date: Mar 2013
Location: NA
Posts: 55
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Milestone Monday
Well, I have been itching to post for a few months now, but Mr. Market took us under for a short time. Anyways, we are now officially over the $500,000 hurdle. Half a million. Yaaay!
We are 31 and 34. Still lost about what to do in life (see previous posts) and now have a beautiful bouncing boy that has been added to the mix, so things continue to change.
Not sure if we will hit the 1 million mark before 40. That was our goal, but I think our priorities are changing.
The $500,000 is not subject to any future taxes so I think that helps. Hoping we are on track.
Keep your eye on the prize everyone.
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12-01-2014, 12:38 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 16,950
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Well, congratulations!!! For the bouncing boy first and the money second...
Just curious, you have $500K in cash and no cap gains  Does not sound right...
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12-01-2014, 01:07 AM
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#3
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Recycles dryer sheets
Join Date: Mar 2013
Location: NA
Posts: 55
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Thanks Texas Proud. We are in a tax-free country and are invested as non-residents in tax free accounts. The rest is in the form of after-service indemnities (again not subject to tax) and a small amount in cash.
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12-01-2014, 03:01 AM
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#4
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Recycles dryer sheets
Join Date: Jan 2012
Posts: 214
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Way to go!!!
Sent from my iPhone using Early Retirement Forum
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12-01-2014, 01:52 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: May 2005
Posts: 16,950
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 Quote:
Originally Posted by BigBangWeary
Thanks Texas Proud. We are in a tax-free country and are invested as non-residents in tax free accounts. The rest is in the form of after-service indemnities (again not subject to tax) and a small amount in cash.
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OK, makes sense.... I am one who does not look at people's profile so I do not know where you are located...
Is the cost of living low If so, then you are probably well on your way to FIRE...
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12-01-2014, 02:11 PM
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#6
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 39,824
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Quote:
Originally Posted by BigBangWeary
Still lost about what to do in life (see previous posts) and now have a beautiful bouncing boy that has been added to the mix, so things continue to change.
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Congratulations on the boy. You may still be lost about life, but it won't matter so much now, and besides, you also won't have much time to yourself to think about it. 
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12-01-2014, 03:53 PM
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#7
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Full time employment: Posting here.
Join Date: Nov 2013
Posts: 991
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Quote:
Originally Posted by BigBangWeary
Well, I have been itching to post for a few months now, but Mr. Market took us under for a short time. Anyways, we are now officially over the $500,000 hurdle. Half a million. Yaaay!
We are 31 and 34. Still lost about what to do in life (see previous posts) and now have a beautiful bouncing boy that has been added to the mix, so things continue to change.
Not sure if we will hit the 1 million mark before 40. That was our goal, but I think our priorities are changing.
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Congratulations on the milestones!
The rule of 72... Divide 72 by your time frame for doubling your assets and you'll find your required annual return
8%-->9 years 8*9=72
7.2% -->10 years 7.2*10=72
6 years --> 12% 12*6=72
Not impossible to hit your number by 40 if you can contribute the difference between actual annual return and 12% (or 8% if you count your partners age...)
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12-01-2014, 04:15 PM
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#8
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Full time employment: Posting here.
Join Date: May 2011
Posts: 873
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Congratulations! Also, you can start thinking about yourself again in about 20 years. The kids are totally worth it....most days! Enjoy.
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12-01-2014, 06:01 PM
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#9
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Recycles dryer sheets
Join Date: May 2011
Posts: 159
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Keep up the good work!
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