Entering into the 4th of July Weekend, the summer is flying by. It feels like life is going along like a freight train going downhill, picking up speed as we’re thundering on.
The second quarter of 2017 is in the books and my investments seem to be cranking along similar to the aforementioned freight train. I’m at $199k, a hair short of the $200k club. It seems like this should be some sort of milestone, which it is, but it’s also somewhat bittersweet because while it’s an indication of how far I’ve come, it’s also an indication of how far I have left to go. I remember about 10 years ago when we had a mortgage of about $200k at 6.5%, paying over $1000 a month in interest, thinking what if I had $200k invested making this interest.
Although, I like the trajectory and I can’t complain at the rate of about $15k increase per quarter.
I’m considering adding in my wife’s savings and home equity into this, although I find this more of a motivational tool than anything, and adding those would certainly skew that. I also need to track my expenses. I’ve done this before and know that I need to do this to know how much I need to live off. Based on what I’ve done in the past, I think we can live comfortably off of $50k-$60k a year, which corresponds to a nest egg of about $1.4 million. I know it’s not too extreme, but like I said, comfortably.
Anyway, enjoy the holiday, spend some time with family, away from the office, enjoy some fireworks!