View Full Version : A HUGE Milestone!
As of today, I have $30,000 in my money market account. THIRTY THOUSAND! Crazy, isn't, for a former low wage slave! I am going shopping to buy tools and sterling silver for my studio today ;)
iris lilies
1-12-17, 10:44am
Yay! You go girl!
IshbelRobertson
1-12-17, 11:35am
Well done!
Right on, lovely artistic and adventurous (and fellow Michigander) lady! Congratulations! You couldn't have done it without you! :)
None of that starving artist stuff for you. I'm glad you have a nice cushion.
It is all working out for you, plus you are missing the strange crappy weather here in lower MI!
Damn, girl, you are awesome!
And yeah, the MI weather is sucking right now.
Really pleased for you and really pleased that you shared your excitement with us, your booster team.
catherine
1-12-17, 10:48pm
Congratulations!!!! So great to hear!!!
rosarugosa
1-13-17, 4:49am
That is great news and proof that it can be done! Good for you!
freshstart
1-14-17, 6:29pm
that's awesome!
Fantastic, I know that was a lot of long hours of work that got you there, too. Pat yourself on the back!
I've been searching for an existing topic for this message and this feels like the right topic:
We met with our financial consultant last night. What is our milestone? We cannot run out of $ by age 100 even if we spend 50% more than our currently planned allowance!
This is another huge step in financial freedom. (Becoming debt free was our first milestone on 1/25/11 at age 49.) This one is awesome and a bit overwhelming. And it gives us great comfort that even with a significant downturn we will be fine.
That is so awesome! Really proud of you and you have encouraged me to reach my goal of $10K within a year
dado potato
7-12-18, 12:37am
Congratulations on attaining this milestone. Coincidentally, our reserves are in the same ballpark... but I am thinking I need to save more for the reserve for vehicle replacement ($13,000 is earmarked now, but that amount is not adequate); and this summer we are replacing a dining-room/kitchen floor covering, so the reserve for home improvements will need to be replenished.
I believe it makes more sense to save for such things than to borrow.
That is a great milestone. Well done!
Congratulations! I would think it's hard to measure just how much peace of mind reaching such a milestone can bring.
Good job,G!
It actually addresses one of my fears - not correctly projecting the future, to our detriment when we are no,longer able to earn the difference back.
Hope that makes sense.
Congratulations! I would think it's hard to measure just how much peace of mind reaching such a milestone can bring.
I concur-Absolutely immeasurable peace of mind.
Good job,G!
It actually addresses one of my fears - not correctly projecting the future, to our detriment when we are no,longer able to earn the difference back.
Hope that makes sense.
Certainly does make sense. It is difficult to make that decision for ourselves. We didn't hire them until last year. I thought we would both need to work until we were 65. They've helped us make some better decisions with more knowledge and have improved our returns.
We are just 57. DH wants to work until 64 or so as he started his career later and really enjoys his new role in cybersecurity. I can retire anytime (37y as a RN). I'm currently planning on 60 but it's freeing to know I can change my mind-they would just like a little notice if I change my mind:~)
I encourage anyone who is concerned or uncertain, hire a financial advisor to help you. Even if you don't turn over your accounts to them-the consultation is invaluable. We didn't go into a long-term relationship for 4 months and 2 long in-person meetings. A reputable agency will work with you that way.
simpleisbest
9-28-18, 2:58pm
That’s amazing SiouzQ! Itmust feel incredible! I’m curious… what was the biggest lessonyou learned along the way that helped you manage your money better?
ApatheticNoMore
9-29-18, 4:39pm
I may be 30k poorer than I was at this time last year. Not just unemployment, but was in a car accident, noone hurt, air bags went off, car totaled. So I had to get new (actually a slightly used) car. It's not the car I would have gotten probably if I were feeling flush, but it's a good car (so far).
I know it's fortunate to be able to buy a new(er) car when needed (and sadly it was needed, not having transportation would be the worst type of downward cycle ... too bad we need cars here, but we do).
It sounds like your move was a very good decision SQ. I'm happy for you.
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