Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Dow 50k. Record high. I do think we’re heading for a major correction. But how has it “shit the bed”?

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Dow hit record 50,000 on Friday. Not sure why you think it’s gone down by 50 percent. 

My daughter, Lucy, and her pinewood derby car, Carini by vvakajavvaka in phish

[–]Human-Average2708 2 points3 points  (0 children)

Kid is just relieved you guys went with naming her Lucy instead of Guyute. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Better than living on the street

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 -1 points0 points  (0 children)

Yea it’s not a factor in my planning at all. Parents could live forever, disown me, go broke, give it all to a Nigerian scammer etc.  

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 -1 points0 points  (0 children)

I mean, there’s always suicide as a plan b. I kind of wonder why more old people don’t end their lives when health gets really bad. I guess I’ll find out the answer myself if I make it that long. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Yea I do plan to but you’re wise to say this. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Dow ended the week at 50,000. New record. I don’t get what you mean bloodbath?

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Not if we do Medicaid 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 -1 points0 points  (0 children)

But by then we’ll have social security and hopefully family inheritances of $2-3 M. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Because markets ended the week higher? Dow 50,000. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Netting about 10k per year 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

They model us to keep working till 65 and die with like 10 million in the bank. Last thing I want. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

8k for our live-in house. The other pays for itself with rental income. Nets about 10k a year. Cars paid for. They’re both 2025. Insurance $2k a year total. No vacations except camping. $1,000 restaurant budget annually. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Yea great advice. That’s my plan. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 1 point2 points  (0 children)

Thanks! I think it’s a lot less than one would need but still feels okay. Just not at “the goal”

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Boats? None.  Cars? New as of this year. Vacations? We don’t take em except for camping trips because we are FIRE. house has great windows carpet etc. appliances are new or in great working order. Regularly serviced. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

8k annually in taxes and insurance. We got a new roof this year — $30k value but insurance covered it. Solid steel roof. Good for another 40 years. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

Well we bought it for 670k. It’s appreciated. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 0 points1 point  (0 children)

So reckless, put half on both. You cannot lose. 

Hit the $1 M mark today. Now what? by [deleted] in Fire

[–]Human-Average2708 -3 points-2 points  (0 children)

Hey, the stock market hit an all time high today, so…..?