Our 1 Million Dollars Shout Out!

[corn18]

This is a great post from bogleheads:

"My portfolio is a beast of its own. It does its thing, I do mine. I can make or lose many thousands of dollars in a day, depending on what the market does. My contributions are mostly meaningless. The beast grinds on. It grows, throws tantrums, shrinks, explodes, sulks, takes off, whatever. In the long run, it has grown bigger and faster than I could have imagined. I just kept feeding it. Now it feeds itself, too.

Keep feeding the beast. Feed it whatever you got, and let it do its thing. Every bite counts.

One day you'll have to stop feeding it, and start eating it. You want to make sure there's enough there, and maybe even some leftovers to share."

[disneysteve]

This is a great post from bogleheads:

"My portfolio is a beast of its own. It does its thing, I do mine. I can make or lose many thousands of dollars in a day, depending on what the market does. My contributions are mostly meaningless. The beast grinds on. It grows, throws tantrums, shrinks, explodes, sulks, takes off, whatever. In the long run, it has grown bigger and faster than I could have imagined. I just kept feeding it. Now it feeds itself, too.

Keep feeding the beast. Feed it whatever you got, and let it do its thing. Every bite counts.

One day you'll have to stop feeding it, and start eating it. You want to make sure there's enough there, and maybe even some leftovers to share."

I love that, corn. It's so true. Our portfolio changes by thousands of dollars every day up or down. My 401k contributions go in week after week after week. I pay virtually no attention to them at this point as I know I'm maxing out the account for the year. And I just let it all do its thing day after day, month after month, year after year.

[cypher1]

Congrats Singuy! That's awesome! I still have a ways to go, but I just hit my goal of 250K (between retirements, taxable investments, and savings) by age 38 (turning tomorrow). i didn't include equity from house (another 100k) in net worth. I didn't start investing in 401K till age 28, but have slowly been increasing it throughout those 10 years. My only regret was not investing at an earlier age. Either way its a great feeling.

[disneysteve]

Happy birthday, cypher!

[bjl584]

Congrats Singuy! That's awesome! I still have a ways to go, but I just hit my goal of 250K (between retirements, taxable investments, and savings) by age 38 (turning tomorrow). i didn't include equity from house (another 100k) in net worth. I didn't start investing in 401K till age 28, but have slowly been increasing it throughout those 10 years. My only regret was not investing at an earlier age. Either way its a great feeling.

Looks like you are doing just fine.
I followed a similar path in that I didn't get serious about investing until my mid/late 20's.

[disneysteve]

I followed a similar path in that I didn't get serious about investing until my mid/late 20's.

I didn't finish school and start working until I was 29 so no serious saving or investing happened before that. Plus I spent the first 12 years repaying student loans so the really serious investing didn't start until after that.

[veronak]

Congratulations!

[LivingAlmostLarge]

congratulations to everyone for making such huge milestone.

[GoodLiving]

Woo Hoo, that's fantastic. I just checked my mint and my net worth is currently at $800k but this includes my real estate but also no liabilities. As a single parent (and therefore a single income) for most of my working days, I'm pretty proud of that. I'm also in flyover country so cost of living and/or wages aren't as high as they probably are on the coasts. I figure I have to work another 12 years or so but I hope to retire by then. If we can ever figure out reasonable priced health insurance....that will be the biggest issue.

[yugugelizer]

Congratulations, especially in the current market. We started out the year great, from $260K at the beginning of the year to $350K in July. The goal was $400K by the end of the year, but we are still hovering around $350K.