Apple
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Post by Apple on Oct 19, 2019 14:50:04 GMT -5
Of course, it dropped to just below $500k the next day (or the day after...) but I'm ok with that. My goal was to get there before I was 40, but I decided while I was 40 was good too. I made the updated goal  I can quit obsessively checking my accounts daily now, and go back to mostly ignoring them for a while. Next goal is $1 million net worth. I'm hoping that will only take a few years, but who knows. |
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dannylion
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Gravity is a harsh mistress
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Location: Miles over the madness horizon and accelerating
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Post by dannylion on Oct 19, 2019 17:35:48 GMT -5
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MN-Investor
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Post by MN-Investor on Oct 19, 2019 17:40:27 GMT -5
And the great thing about accumulating that much is that the interest, dividends and increase in value of the investments all work together to increase your portfolio. It's like magic! Congratulations!
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Rukh O'Rorke
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Post by Rukh O'Rorke on Oct 19, 2019 19:07:16 GMT -5
Half a mil!!!!
That's a big milestone! Enjoy!!
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travelnut11
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Post by travelnut11 on Oct 19, 2019 21:11:16 GMT -5
Congrats! I love milestone posts!
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thyme4change
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Post by thyme4change on Oct 20, 2019 10:53:22 GMT -5
And the great thing about accumulating that much is that the interest, dividends and increase in value of the investments all work together to increase your portfolio. It's like magic! Congratulations!
The snowball effect is amazing. |
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Deleted
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Post by Deleted on Oct 20, 2019 15:34:36 GMT -5
Congratulations! I'm sure that represents a lot of hard work and discipline on your part.
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AgeOfEnlightenmentSCP
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Post by AgeOfEnlightenmentSCP on Oct 21, 2019 18:41:49 GMT -5
Congratulations. Now, cash it in and buy yourself five to ten rental properties and let the equity grow while enjoying near tax-free income.  Oh, and if you didn't know- you can buy rental properties inside of a self-directed IRA. Talk to a good CPA-- but if you go that route, you can't have the income- you can have it, you have to keep it in the IRA and invest it. www.thebalance.com/how-to-invest-in-real-estate-with-a-self-directed-ira-4057066 |
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tcu2003
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Post by tcu2003 on Oct 22, 2019 0:07:01 GMT -5
Congrats, Apple!!
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Apple
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Post by Apple on Oct 23, 2019 17:06:06 GMT -5
Thanks, everyone! I'm looking forward to seeing the powers of compounding over the next few years, until I retire. Won't be cashing it in though-- not an option unless I were to quit, and I'm way too lazy to buy real estate and/or work for myself. I'm paid for my knowledge and experience, not for my hustle... Next big retirement funds milestone might come a little slower, but that's ok. I've reduced my contributions, to just above what I need for the match, to focus on some other goals for the time being. All the calculators I've tested say I can take the break  (since I'll have a pension as well). |
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Wisconsin Beth
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Post by Wisconsin Beth on Oct 24, 2019 9:06:44 GMT -5
Way to go Apple!
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Bonny
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Post by Bonny on Oct 24, 2019 9:47:31 GMT -5
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Deleted
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Post by Deleted on Nov 8, 2019 10:08:13 GMT -5
I'll add my name to the half- millionaire club. Retirement accounts were $500,970 this morning. I'd be more confident in that number staying over 500K if the S&P 500 wasn't sitting all the way to the right on the 52 week range chart, but I'll take it.
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justme
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Post by justme on Nov 8, 2019 11:18:17 GMT -5
Yay! Congrats!!    I hit $100k sometime this year - $500k is the next goal...or maybe it should be $250k so I don't have to wait as long. I'm just really excited that so far this year my funds are growing at twice what I'm putting in. Makes it seem like all the saving is paying off now. |
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tcu2003
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Post by tcu2003 on Nov 8, 2019 12:16:08 GMT -5
Woo hoo, mpl!!!!! Way to go!
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tcu2003
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Post by tcu2003 on Nov 8, 2019 12:16:50 GMT -5
Yay, justme!! And I’d make $250k my next milestone, but that’s just because I want to celebrate sooner than what it will take to get to $500k. 😂
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Deleted
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Post by Deleted on Nov 8, 2019 12:36:30 GMT -5
I hit $100k sometime this year - $500k is the next goal...or maybe it should be $250k so I don't have to wait as long. Definitely celebrate milestones before 500K!! I went with every 100K. It's crazy how long the first 100K took and how quick it goes now. I think it was close to 15 years for the first 100K for me. From 400-500 was 22 months. |
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Apple
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Post by Apple on Nov 8, 2019 16:12:57 GMT -5
I'll add my name to the half- millionaire club. Retirement accounts were $500,970 this morning. I'd be more confident in that number staying over 500K if the S&P 500 wasn't sitting all the way to the right on the 52 week range chart, but I'll take it.
That's awesome! I figured mine would drop within a couple days, but it's only managed to go up since I hit it. Not by a large amount, but I'll take it. |
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Apple
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Post by Apple on Nov 8, 2019 16:14:04 GMT -5
Yay! Congrats!! I hit $100k sometime this year - $500k is the next goal...or maybe it should be $250k so I don't have to wait as long. I'm just really excited that so far this year my funds are growing at twice what I'm putting in. Makes it seem like all the saving is paying off now. Awesome! I'd go with the $250k mark for the next goal It's amazing how fast things take off after that first $100k. |
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Apple
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Always travel with a sense of humor
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Post by Apple on Nov 8, 2019 16:16:07 GMT -5
Realized another kind of milestone today... My mortgage finally went to <$100k balance. I'm only rounding up to the nearest round payment right now, so not aggressively paying it off (especially since I'm not sure what I'll be doing with it in a few years), but it's still nice to owe less than six figures.
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Deleted
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Post by Deleted on Nov 8, 2019 16:22:51 GMT -5
Realized another kind of milestone today... My mortgage finally went to <$100k balance. I'm only rounding up to the nearest round payment right now, so not aggressively paying it off (especially since I'm not sure what I'll be doing with it in a few years), but it's still nice to owe less than six figures. OMG. That's the one I am really excited for! It will be with the February 1st payment and I think psychologically it will be huge. I've had a 6 figure mortgage for over 20 years now. |
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Rukh O'Rorke
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Post by Rukh O'Rorke on Nov 9, 2019 7:26:55 GMT -5
Realized another kind of milestone today... My mortgage finally went to <$100k balance. I'm only rounding up to the nearest round payment right now, so not aggressively paying it off (especially since I'm not sure what I'll be doing with it in a few years), but it's still nice to owe less than six figures. OMG. That's the one I am really excited for! It will be with the February 1st payment and I think psychologically it will be huge. I've had a 6 figure mortgage for over 20 years now. I've been waiting on a milestone here, but far less illustrious....$249,568.31. Less than a quarter mil! woohoo!  Yes - there is a teeny bit of sarcasm there...a quarter million.....been here 15 years.....  Mortgage was less when I purchased....oh.....welllllll D'oh! And I'm planning a cash out refi soon....  |
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thyme4change
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Post by thyme4change on Nov 9, 2019 8:44:32 GMT -5
OMG. That's the one I am really excited for! It will be with the February 1st payment and I think psychologically it will be huge. I've had a 6 figure mortgage for over 20 years now. I've been waiting on a milestone here, but far less illustrious....$249,568.31. Less than a quarter mil! woohoo! Yes - there is a teeny bit of sarcasm there...a quarter million.....been here 15 years..... Mortgage was less when I purchased....oh.....welllllll D'oh! And I'm planning a cash out refi soon.... I'm not sure why the last $3k of milestones is always so elusive. Whenever I reach x97,xxx of any near milestone, the market goes on a slow downturn, or has a huge drop. Maybe it is like that all the time, but you only notice when you are close to something. Hang in there! You are still in the top half for wealth. |
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Deleted
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Post by Deleted on Nov 9, 2019 10:22:40 GMT -5
OMG. That's the one I am really excited for! It will be with the February 1st payment and I think psychologically it will be huge. I've had a 6 figure mortgage for over 20 years now. I've been waiting on a milestone here, but far less illustrious....$249,568.31. Less than a quarter mil! woohoo! Yes - there is a teeny bit of sarcasm there...a quarter million.....been here 15 years..... Mortgage was less when I purchased....oh.....welllllll D'oh! And I'm planning a cash out refi soon.... I started around there...I think. I'm not sure the exact number because I built, so it wasn't just a purchase price kind of thing I could remember easily. I know I had a 180K first, a 45K second, and I think there was still a land contract loan, plus we did a lot of the work ourselves (all the electrical and painting and staining). It didn't officially drop below 200K until 2010. In 2012 I refinanced 184K to a 15 year loan and it's been dropping FAST now at over 1000/month. In hindsight I wish I would have gone with the 15 year loan sooner...like over 7 years earlier would have been nice. |
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ners
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Post by ners on Nov 9, 2019 10:34:36 GMT -5
Congratulations Apple keep up the good work. minnesotapaintlady your fortitude for savings amazes me. Keep up the good work. |
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Rukh O'Rorke
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Post by Rukh O'Rorke on Nov 9, 2019 10:42:58 GMT -5
I've been waiting on a milestone here, but far less illustrious....$249,568.31. Less than a quarter mil! woohoo! Yes - there is a teeny bit of sarcasm there...a quarter million.....been here 15 years..... Mortgage was less when I purchased....oh.....welllllll D'oh! And I'm planning a cash out refi soon.... I'm not sure why the last $3k of milestones is always so elusive. Whenever I reach x97,xxx of any near milestone, the market goes on a slow downturn, or has a huge drop. Maybe it is like that all the time, but you only notice when you are close to something. Hang in there! You are still in the top half for wealth.  I think I was unclear - that's my mortgage balance.... |
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buystoys
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Post by buystoys on Nov 9, 2019 10:46:21 GMT -5
Congratulations to all of you who have hit a new milestone! It's so great to see how many people are doing well with their objectives.
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