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-   -   Update: Making progress (https://www.early-retirement.org/forums/f26/update-making-progress-82866.html)

CamasSaver 07-28-2016 09:54 PM

Update: Making progress
 
Hello Everyone

I have not posted here in a very long time, hence the Oct. 2013 date of my original post. I just had to see when it was that I had hit my $100K savings and if I had kept up with my path to retirement savings.

Well, I must admit I had hoped to be a bit farther ahead by now but did make 1 bad oil & gas investment that lost me some savings but overall, I should also be happy to see progress.

I'm still credit card debt free and have recently gotten my oldest daughter through 2 years of college which I must recognize for myself as a victory.

I now have $190K in my retirement accounts and getting oh so close to my next milestone.

Hoping all of you here are finding yourselves on track or making positive momentum towards achieving your own financial goals as well.

Ronstar 07-29-2016 04:58 AM

Congrats! With 2 years of college checked off, you'll start flying by the milestones.

Katiek 07-29-2016 08:36 AM

Congrats on making progress, even if it's sometimes slower than we like. But getting by 2 years of college expense is a big accomplishment

UnrealizedPotential 07-29-2016 10:44 AM

Achieving the first 100k is hard. There is also a lot of distance between 100k and 250k. It does get easier . 190k opens a lot of doors. Your money should start growing faster now. All I can say is stick with it.

MBAustin 07-29-2016 01:34 PM

Congratulations on making progress - as others have said, the power of compounding makes each further milestone a little easier to reach. And you're doing great to be making progress AND getting your DD through college. Keep up the good work!

H2ODude 07-29-2016 02:55 PM

Slow and steady wins the race. Congratulations and keep at it!

Rothman 07-29-2016 05:42 PM

I see at 2034 your retirement is 18 years out, but kid at 2nd year in college, that's an unusual combination. Congrats so far.


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Exit 2024 07-29-2016 07:44 PM

Keep going, investment snowball will start helping you very soon

CamasSaver 07-29-2016 11:50 PM

Thank you all for the kind words of encouragement. I'm certainly going to try and stay at it and just boosted my contribution up on my Roth 401K that my company provided to us as an option which makes it more difficult since I'm paying taxes before it goes in but I want to ensure I have that available to me in retirement.

One thing I have learned is that I must pay myself first before anything else. I can't wait to see the $200K balance display itself in my retirement plan portion but more importantly to hit the $250K mark. Man, that's going to be a nice site to see.

WestLake 07-30-2016 11:39 PM

Almost doubled in less than three years! Congrats


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2035 07-31-2016 01:52 AM

Way to go!


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Standard Staples 08-02-2016 12:38 PM

Well done. Keep on contributing, and you'll pass over $200K well before the end of the year. I highly recommend you continue to keep close track of your progress. It really helps me stay motivated.

CamasSaver 08-07-2018 06:28 PM

Still making progress - my own pulse check
 
I havenít logged in here in a while and wanted to once again see when I last posted and where I was back then. Well, I now have $300K in my retirement accounts and very glad to have gotten this far. Oldest daughter is about to finish her university degree this winter also which is great to see and this will help free us a little more money to stash aside.
Itís a journey but Iím glad to be able to be in a position to max out my 401K this year and hopefully continue to do so for the remaining years until retirement.
So glad I still love my job though.
Wishing all of you success in your personal savings journey.

HI Bill 08-09-2018 01:46 PM

Quote:

Originally Posted by CamasSaver (Post 1762214)
1 bad oil & gas investment

Speculation will likely end up with a loss eventually. Most here believe in investing in mutual funds, or ETFs. Slow and steady, but almost guaranteed over the long-term to rise faster than inflation. Single stock investing can make you rich or poor. One poster here made 95% ROI in just the first 7 months of this year. He could just as easily have lost it all. Best wishes!

CamasSaver 10-24-2020 06:14 PM

Quote:

Originally Posted by CamasSaver (Post 1762214)
Hello Everyone

I have not posted here in a very long time, hence the Oct. 2013 date of my original post. I just had to see when it was that I had hit my $100K savings and if I had kept up with my path to retirement savings.

Well, I must admit I had hoped to be a bit farther ahead by now but did make 1 bad oil & gas investment that lost me some savings but overall, I should also be happy to see progress.

I'm still credit card debt free and have recently gotten my oldest daughter through 2 years of college which I must recognize for myself as a victory.

I now have $190K in my retirement accounts and getting oh so close to my next milestone.

Hoping all of you here are finding yourselves on track or making positive momentum towards achieving your own financial goals as well.


Update: As we approach the 4th quarter or 2020 and a global pandemic, I am thankful to have been able to stay the course and was able to work when more than 50% of my companyís employees were furloughed. Iím very thankful
I havenít posted in a very long time and wanted to see where I was in last update and to share where I am now.

My oldest graduated from college with a psychology degree and has recently obtained her first salary position. My middle daughter just completed her cosmetology school and passed her tests and practical for her license last week so she will be able to begin her career soon.
My youngest is a senior in high school and has a strong 3.97 gpa and looking into college choices.
Iím very blessed and we and my wonderful wife are all healthy and well.
I have now reached $435K in 401k/Roth and have $55K in emergency savings as well. I think Iím doing ok and of course always wish I had more but considering 2020 I am thankful.

Thatís my story and update. Hope you are all doing well, staying safe and making progress on your goals as well.

CamasSaver 10-24-2020 06:57 PM

As we approach the 4th quarter or 2020 and a global pandemic, I am thankful to have been able to stay the course and was able to work when more than 50% of my companyís employees were furloughed. Iím very thankful
I havenít posted in a very long time and wanted to see where I was in last update and to share where I am now.

My oldest graduated from college with a psychology degree and has recently obtained her first salary position. My middle daughter just completed her cosmetology school and passed her tests and practical for her license last week so she will be able to begin her career soon.
My youngest is a senior in high school and has a strong 3.97 gpa and looking into college choices.
Iím very blessed and we and my wonderful wife are all healthy and well.
I have now reached $435K in 401k/Roth and have $55K in emergency savings as well. I think Iím doing ok and of course always wish I had more but considering 2020 I am thankful.

Thatís my story and update. Hope you are all doing well, staying safe and making progress on your goals as well.


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