Net worth milestones: do you celebrate any of them?

[JoeP]

When we reach a major milestone, probably later this year, we'll still have the mortgage and other commitments, so it's not like we will have cash to burn or anything. And when the house gets paid off in 2.5 years, the amount freed up every month will be going directly to pay for college for two, so we won't have any extra money for another 5+ years after that!

So this one will likely be a weekend trip, a couple nice dining experiences, and a bottle of very nice wine.

But after the kids are out of college, we'll likely celebrate in a major way, like a week long cruise with deluxe cabins. We may even hit milestone 2 by then!

[Singuy]

Being how frugal I am, I'm not sure if we can celebrate in a big way when our household net worth hits 1mil. I'm not sure if I feel rich by then to actually do something crazy. Most of your networth is in the house so you can still have an empty bank account with a 1mil net worth.


Maybe if we have 1mil of liquid assets + 1 mil of non-liquid assets, then it's worth celebrating

My personal milestone for our family is to be in the 1% club.
(1% club requires a 400k/year household income OR a net worth of 8.4mil).

[disneysteve]

Most of your networth is in the house

Maybe for some. Not for us by a long shot. Our savings and investments are worth over 700K. Our house is worth about 225K maybe and we owe about 50K.

[GREENBACK]

Maybe for some. Not for us by a long shot. Our savings and investments are worth over 700K. Our house is worth about 225K maybe and we owe about 50K.

I couldn't agree more. Only about 1/4 of my networth is in my house. This gives me a much better feeling of control over my financial picture.

[Singuy]

I couldn't agree more. Only about 1/4 of my networth is in my house. This gives me a much better feeling of control over my financial picture.

I guess it depends what you did with your earnings..put it in investments/savings or in your mortgage.

I put it all in my house so therefore my net worth is my house..lol.

[JoeP]

Maybe for some. Not for us by a long shot. Our savings and investments are worth over 700K. Our house is worth about 225K maybe and we owe about 50K.

Your numbers are VERY close to ours!

[rennigade]

When I join the 2 comma club in liquid assets ill celebrate then.

[disneysteve]

the 2 comma club

Love it. I've never heard that term.

[rennigade]

Love it. I've never heard that term.

Members on bogleheads use that term, I stole it from them. Unfortunately im not that clever.

[sandrark]

Maybe for some. Not for us by a long shot. Our savings and investments are worth over 700K. Our house is worth about 225K maybe and we owe about 50K.

Our savings and investments are at about $700k; house is worth $750k, and we owe $375k or so. The cash value of my pension is over $1M now, so we've certainly hit some financial milestones recently.

We don't seem to celebrate the financial ones - just the relationship ones. Next year is 35 years together (19 married), so we're planning a fantastic vacation to the British Virgin Islands and a resort there that DH would like to visit. I can't wait.

[A-Aron1]

We don't celebrate in any official manner, like going out to dinner or vacation.

I do send my wife email whenever we cross a 100K mark.

Very romantic!

[myrdale]

Most of my milestones have revolved around my mortgage. When it reached the 50% mark, I took a few of my friends out to dinner on me. I did this again when I hit the 25% mark. Fingers crossed I will be buying these guys dinner one more time in the later part of this year.

I didn't celebrate or tell anyone, but it put a smile on my face when my savings + 401K was equal to what I owed on the mortgage. Again when only my savings alone was equal to my mortgage. At the end of this month my savings will be approximately double what I still owe. That fact allow makes my heart cheer with glee!