Early Retirement Extreme Forums

DutchGirl wrote: ↑

Mon Apr 01, 2024 3:11 pm

So close to the $4 million! But you'll get there, no doubt.

Do you have a favorite dining out experience that you can tell us about? A favorite chef, or favorite restaurant?

The only thing I can say is, if you love food, go to Tokyo. They can do almost everything very well.

April 2024 Update

Assets:

IRA/Brokerage/403b/457/cash: $3,348,966
Estimated Home Worth: $1,200,000

Liabilities:
Mortgage: $661,918 @ 2.75% fixed

Net: $3,887,048

Not that reducing this line item matters financially at your income level, but I am intensely curious how two people manage to spend $1800/month on food. Is there some waste reduction that could happen here? It's 2 reasons. We usually treat friends/family when we eat out. Probably on average 2 time...

March 2024 Update

Assets:

IRA/Brokerage/403b/457/cash: $3,434,825
Estimated Home Worth: $1,200,000 (very similar comp recently sold)

Liabilities:
Mortgage: $663,386 @ 2.75% fixed

Net: $3,971,439

Feb 2024 Update

Assets:

IRA/Brokerage/403b/457/cash: $3,349,249
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $664,686 @ 2.75% fixed

Net: $3,834,563

Jan 2024 Update

Assets:

IRA/Brokerage/403b/457/cash: $3,216,087
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $667,800 @ 2.75% fixed

Net: $3,698,287

Annual Update INCOME: MedSaver gross W2 income 2023: $686,000 (2022: $717,850 ), down 4%. Not down as much as expected for reasons I can’t get into. Nevertheless, the previously described income drop may occur in 2024 or 2025. Net income 2023: $350,485 (2022: $390,011), down 10%. I may have over est...

Ah, your investments also went slightly down in value. I had updated my investment valuations on Oct 25 or so, all looking good, and then on Oct 30 or so things took a small nosedive. So yeah, I also ended the month with red numbers compared to the month before. Oh well, it happens. Yes. We are at ...

Nov 2023 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,802,440
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $669,100 @ 2.75% fixed

Net: $3,283,340

Oct 2023 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,603,908
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $670,430 @ 2.75% fixed

Net: $3,083,478

thedollar wrote: ↑

Mon Sep 11, 2023 5:29 am

What's the plan from here?

Work full time for 3-4 more years. Then part time for another 3 years. Then either completely retire or work part time and donate large amounts of earned income to charity.

Sept 2023 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,633,207
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $671,730 @ 2.75% fixed

Net: $3,111,477

Vreeeeoooommmm. Wait, what is that in the rear view mirror? Is that your target $3M? Yup, it is. It is true, the first $1 million is the hardest. If you don't add another cent and just let this $3M (and cents) do its job in peace, it will probably be $4M by 2028, $5M by 2030 and $11M in 20 years. C...

August 2023 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,700,751
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $673,030 @ 2.75% fixed

Net: $3,177,721

DutchGirl wrote: ↑

Fri Jun 30, 2023 11:19 pm

Yeah, you crossed the $3M line... and immediately by a big margin, ha ha. Congrats, and well done!

Indeed. Stock market rally mostly.

July 2023 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,735,775
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $674,330 @ 2.75% fixed

Net: $3,211,445

Thanks for explaining your story! Experiences are very important for us. This can confirm. What's your advice from your POV, to someone who'd like to FIRE, or just live FI, and it's thinking about swapping career, or just start a career that never started? I'd say to switch as few times as possible...

June 2023 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,621,157
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $675,630 @ 2.75% fixed

Net: $3,095,527

Hi there! Very well done! It would be nice to know if you've followed a careen in medicine for the high pay, or if you chose a particular occupation, over another one, for the high pay Hi. Thanks for your interest. I had a few other jobs in high school, college and just after college in areas that ...

DutchGirl wrote: ↑

Thu May 04, 2023 12:45 am

You're getting really close to the 3M. Nice. Any ideas on how to celebrate and mark the occasion?

Actually, we hadn't thought about it until you brought it up. We decided we are going to get sushi and have a date night in a few weeks.