Small milestone - $2M
- Thread starter brokrken
- Start date
Yes, if I had a spouse that was a spender, I don't know how long the marriage would last.
Lots of beers. A tad bit of a headache this AM.
Freedom2021
Dryer sheet wannabe
- Joined
- Jun 16, 2019
- Messages
- 21
CONGRATULATIONS! Enjoy your riches.
.That's a great tradition. I might start doing the same, but stashing the corks in a wine glass, way up in the bar.
stepford
Thinks s/he gets paid by the post
Definitely a big milestone. $2M was my "magic number" that I set as my threshold before retirement 5 years ago. Of course with the market up around 80% since then that worked out to be wildly conservative, but you never know until you go.
I like this idea! I think I might do something similar with the Mrs...buy her a nice bottle of Pinot, we are within sights of a psychological but not quite "technical" milestone... I think I might do something similar but instead start a little rock garden and hike around for celebration on our BIG milestones...
BIG milestones Yet to come:
- 1MM invested in equities
- Final debt payment (mortgage)
- The day we reach FI (Financial Independence)
- The day we decide to retire
- The day the wedding checks clear
- The day the "gift" letter is signed for the kiddos homes
- The first contribution to a grandchild's education account
- HOPEFULLY the final payment of all grandchildren's education
I see at least 8 rocks, if we go back in time I could add a few more with us both landing career jobs, getting married, buying first property, and having the kids.
Jeffman52
Full time employment: Posting here.
Nice job hitting that Milestone!! I would be good with hitting that Milestone prior to ER
Funny, my original magic number was 1M which seemed pretty unobtainable 10 years ago when I had less than 30K put away.
But its never too late to start so now here I am at 1.4M. At this point I have no magic number except my ER date. I will just continue to sock it away until then and see where I land.
Funny, my original magic number was 1M which seemed pretty unobtainable 10 years ago when I had less than 30K put away.
But its never too late to start so now here I am at 1.4M. At this point I have no magic number except my ER date. I will just continue to sock it away until then and see where I land.
$3M is sort of my magic number, which I hope to have in 5 years. However, there are 2 other big pieces to my ER puzzle. First is bridging the gap to 59.5, as I'll be 48 when I ER if all goes as planned. DW is 5 years older than me, so we'll really only need to bridge 6 years. The second is managing income in order to stay under the ACA cliff during at least that bridge period and hopefully longer.
Now, finding out you hit $2M at 43 is way more impressive & major than the OP. What percentage is post tax? My milestones were alway first, on paper, pre & post tax combined, then the same amount post tax. But now I’m 62.5 & already retired, so those are nowhere near as important to me as they used to be or as impressive. Now I just want to spend it!
This is the issue. At this point, only about $400k of the $2M is post tax. I’m really trying to ramp up that bucket over the next 5 years.
ProspectiveBum
Full time employment: Posting here.
Yep, that was short lived!
No worries, you’ll just get another opportunity to celebrate again when it crosses that threshold again.
W2R
Moderator Emeritus
Hey, that's not a small milestone! To me that makes you the rich guy on the forum. And yesterday was just one day.
And yesterday was just one day.
gooddog
Recycles dryer sheets
Good job. Hope the next mil comes quick.
Unpaintedhuffhines
Recycles dryer sheets
- Joined
- Jan 14, 2013
- Messages
- 318
Congratulations! Well done! The next $1M will be even easier.
Only in America would someone consider that a small milestone. That puts you in what, the top 5 pct of all Americans? Congrats though.
