Gilberto de Piento's Journal

Where are you and where are you going?
Gilberto de Piento
Posts: 1331
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento » Wed Dec 04, 2019 9:53 am

Thanks! I really enjoy passing those round numbers!

cmonkey
Posts: 1788
Joined: Mon Apr 21, 2014 11:56 am

Re: Gilberto de Piento's Journal

Post by cmonkey » Wed Dec 04, 2019 3:17 pm

Gilberto de Piento wrote:
Tue Dec 03, 2019 4:41 pm
November 2019

The big news for this month is that I hit $300,000 in FIRE assets! :mrgreen:
Round numbers are great! Congrats.

Gilberto de Piento
Posts: 1331
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento » Mon Dec 09, 2019 8:07 am

cmonkey wrote:
Wed Dec 04, 2019 3:17 pm
Round numbers are great! Congrats.
Thank you!

The net worth chart from my journal post is definitely starting to show an upward curve as compounding does its thing.

It does seem like $300,000 may be an interesting number for me. I am usually able to save about $30,000 each year. Doing this takes a lot of effort on my part. In comparison, with $300,000 if the market gains 10% (just using a round number example), I will "save" $30,000 without doing any work ($300,000 * 10% is $30,000).

A long time ago I wrote down this quote from Jacob:
Interesting things begin to happen once your networth no longer starts which the number 1 or 2.
viewtopic.php?f=9&t=1344&start=125

Gilberto de Piento
Posts: 1331
Joined: Tue Nov 12, 2013 10:23 pm

Re: Gilberto de Piento's Journal

Post by Gilberto de Piento » Mon Dec 09, 2019 10:48 am

For the last few months I have been making my vanguard automatic investment $100 larger each month. I was creeping up on $875, which will give me a total investment of $10,500 in 2020. That plus the 457b limit of $19,500 will give me a total investment of $30,000 for 2020. Today I skipped a few steps and cranked my auto investment up to the final $875 per month! :geek:

Not only does this lock me in to a decent amount of money saved for the year, it also takes some of the stress of saving out. I don't have to decide when to move money from cash to vanguard or what to invest in each time. Of course, it could add a lot of stress if I start spending too much, but I will keep an eye on it. I can always turn it back down or off.

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