Because I don't want to seem like I'm bragging to most friends or family, and don't want to alienate people, this seems like a good place to quietly jump up and down: Made ~$54,000 today!
Company stock is repriced in the ESOP annually, this year up over 60%. I've been with the firm almost 8 years, and generally LBMM (not to the level of many here, but still), and today with the repricing, it's a big payoff. I managed to save about 1/3 gross this year, and with the increase in stock price, I'm over $200k for the first time (excluding home equity)!
I don't know if it's something that people here have looked at, and it'll need some revising with inflation, but a way I've been using to gauge my progress is: I live on about 37k, thats roughly $100/day (includes mortgage). By rule of 25, every day of freedom is going to cost me $2500 (amount to generate living costs for one day, every year going forward). I've set up a calendar so that I can cross off days as my (non-home) net worth increases, so that I can see progress and feel like I'm actually getting somewhere. it also helps to put some things in perspective on spending. Today bought me three weeks of vacation every year for the rest of my life! ($54k/2500=21.6 days)
Just wanted to share with people who understand that I'm celebrating a milepost, not bragging. Currently 31, would like to retire at 40, current conservative schedule looks like about 43 years old. This helps. Here's to a good finish to a long year!
Seabourne
Company stock is repriced in the ESOP annually, this year up over 60%. I've been with the firm almost 8 years, and generally LBMM (not to the level of many here, but still), and today with the repricing, it's a big payoff. I managed to save about 1/3 gross this year, and with the increase in stock price, I'm over $200k for the first time (excluding home equity)!
I don't know if it's something that people here have looked at, and it'll need some revising with inflation, but a way I've been using to gauge my progress is: I live on about 37k, thats roughly $100/day (includes mortgage). By rule of 25, every day of freedom is going to cost me $2500 (amount to generate living costs for one day, every year going forward). I've set up a calendar so that I can cross off days as my (non-home) net worth increases, so that I can see progress and feel like I'm actually getting somewhere. it also helps to put some things in perspective on spending. Today bought me three weeks of vacation every year for the rest of my life! ($54k/2500=21.6 days)
Just wanted to share with people who understand that I'm celebrating a milepost, not bragging. Currently 31, would like to retire at 40, current conservative schedule looks like about 43 years old. This helps. Here's to a good finish to a long year!
Seabourne
