Andre1969
Thinks s/he gets paid by the post
I added up my totals as of yesterday's close, and saw that I hit a new milestone. I broke the $400,000 barrier. $400,462, to be exact. This feels like a major accomplishment too, because I really worked at this one. The main thing that put me over the $200K barrier was selling my condo back in December, 2004. And I was up over the $300K mark by May 2005, mainly because I took out a $75K HELOC on my house, and then took out another $25K on top of that.
So in many ways, those first two barriers really weren't all that "special", I guess. But since then, I've put about $30K into a 4-car garage, bought a $25K Xterra, and then when interest rates started going up, paid the HELOC down by about $25K. And steadily added to the portfolio. So in light of all that, the $400K really feels like I've accomplished something!
Hopefully the $500K mark won't be too far off!
FWIW, I'm not shooting for anything too specific. I figure that once I hit roughly $1M, and no outstanding debt (HELOC paid off), I should be ready to FI/RE. I'm not married, and no kids, so I think it should be doable.
So in many ways, those first two barriers really weren't all that "special", I guess. But since then, I've put about $30K into a 4-car garage, bought a $25K Xterra, and then when interest rates started going up, paid the HELOC down by about $25K. And steadily added to the portfolio. So in light of all that, the $400K really feels like I've accomplished something!
Hopefully the $500K mark won't be too far off!
FWIW, I'm not shooting for anything too specific. I figure that once I hit roughly $1M, and no outstanding debt (HELOC paid off), I should be ready to FI/RE. I'm not married, and no kids, so I think it should be doable.