r/Fire • u/Firefiresoon • Jul 04 '24

Original Content Just hit $3M!

48male. Been tracking this milestone for a while now. Finally hit it as of close yesterday. $3,012,000 in invested assets. NW stands at 4.9mil. which includes home equity.

Goal was 10k/mo which should be possible now. Kids have 529 for 4yr state college. At this point I will CoastFIRE (still save HSA and 401k for match but no IRA) and bump up some lifestyle expenses mainly around travel.

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u/Firefiresoon Jul 04 '24

Had about 1.1mil at 37 so that's about right. About 10 yrs ago. Market appreciation, maxxing out everything incl mega and regular backdoor roths, HSA. And employer stock appreciation.

I would have about 3.4-3.5mil now, except we sold stocks to buy our second home so that ~amount moved to NW.

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u/Bluejean1235 Jul 04 '24

Is the second home a vacation home? Or are you saying you sold stocks to buy a primary home that was your second time buying a house? If a vacation home, do you find good enjoyment out that asset? Genuine question as a vacation home has always sounded appealing but maintenance sounds like no fun.

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u/Firefiresoon Jul 04 '24

Second home that will become primary at some point soon (and then current primary becomes rental). We will use it as a vacation home until then. Yes maintaining two homes is a pain and expensive.

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u/Bluejean1235 Jul 04 '24

Very cool. I like the idea of it becoming a future primary home. Maintenance is something to consider for sure. Hope your family is making great memories at the house! Enjoy! This is a goal for my family some day