Today at age 42, I passed the one million net worth mark. I guess the next stop will be one million in investable assets.
Sent from my XT1031 using Early Retirement Forum mobile app
Today at age 42, I passed the one million net worth mark. I guess the next stop will be one million in investable assets.
Sent from my XT1031 using Early Retirement Forum mobile app
Today at age 42, I passed the one million net worth mark. I guess the next stop will be one million in investable assets.
Sent from my XT1031 using Early Retirement Forum mobile app
Thanks to this community where I can share this feat and gather some wise perspective on it.
A milestone that I feel surprisingly bittersweet about. I just closed out the last bit of 529 money for my daughter who's graduating from college this May. It's great to be done with college expenses for both my kids but saving after these 20+ plus years of saving, and now being done, it feels a bit like the end of an era. I suppose I'll get over it as our budget loosens up nicely.
Now that's a relief - and something to celebrate! Congratulations.We FINALLY sold and closed on our home in AL. It's been on the market since July 2016; our first closing fell through 4 days before closing due to the buyer losing her job - ugh! So back on the market we went.
My pension account web page reports the following:
"You are 0 years and 0 months away from Vesting."
Now why they can't just come out and say "Hey, you're vested! Congratulations!" I don't know. I guess this means that at some point in the next 26 days or so I will be officially vested.
I just turned 30 years old and have saved $133,000.00 with only a small car loan $7,000 left on a $15,000.00 car at 2.75% and small mortgage $64,000.00 left on a $120,000.00 condo at 3.375% for debt. Making just under $50,000.00 a year this puts me at 2.66 times my salary at a very young age. I've been maintaining a savings rate around 40%.
Now if I could just stop booking expensive vacations; have about $130K in payments due for vacations through 01/19 (around 80K already paid/deposited on top of that). Hope to make a great dent in that by retirement on 20 October 2017, just shy of my 60th birthday.
Wow! What kind of vacations do you take? Where are you going to go? Is this all guided tours?
Almost all cruises:
Miami to Venice (24 nights) next month
Svalbard to Greenland to Iceland (14 nights) in August
Rome to Beijing (63 nights) in October (retirement trip)
Lima to Buenos Aires (21 nights + Machu Pichu) Jan 18
Nome to Nome (Siberia and Arctic Islands) (19 nights) jul 18
New Zealand and Oz land trip including 36 Night cruise around Oz Dec 18
Lots of things getting taken off bucket list.
Marc