I want to be a millionaire! 5 years later…


I stumbled across my very first post from this blog about wanting to become a millionaire. It was five years ago that I did that and it was fun to see how far I’ve come from there. I’ve written one post 2 years after that for a quick update. I wanted to see how I’ve stacked up since then and see how far I’ve come from there!

Retirement accounts-goal to contribute 15%
Investments-goal to start investing with Betterment
Real Estate-saving up for the 20% down payment
Savings-Save tons of money

Retirement accounts-maxed out my contributions for the first time
Investments-opened an account with Betterment and started putting 10% in
Real Estate-bought a house and put extra payments in each month
Savings-save tons of money

Retirement accounts
Maxed out my contributions each year since 2015!

Continued investing with Betterment, and finally seeing it start growing and piling up! We’re going to pay off our car this next month so I’m thinking we could funnel that extra $416 every month into investments…a conversation to have with the hubs.

Real Estate
Bought a house and put extra payments in each month, we’re knocking down that principal. We’ve also done a lot of renovations to up the value of this house. We’re saving up for our next house downpayment to possibly relocate. We don’t currently want to move yet, but when we do we’ll have that down payment already! Ou house has also steadily risen in value even without taking into consideration our renovations. Just by comps alone our house has added a lot to our net worth.

Created mini goals for savings including one for a Tesla model 3 and the next downpayment on a new house! The interest rate on online savings accounts is also creeping up slowly. Yeah!

Millionaire status
Not there yet but getting there! All the habits I’ve set 5 years ago are still going strong and the money is starting to add up slowly. I’m always evaluating to see where we can do more and what else we can do to save money. It’s definitely a big give and take in my marriage as we have differing views, but we talk it out and see what works for us. There’s also all the earth-friendly things I’m trying to do to save the earth. Some of them end up costing more, while others save money.

Five years ago my husband and I were in intense, very intense, money saving mode. I learned to cut his hair to save $25 a month, we ate out only once a week (even though we love eating out), and many many other things we did to try to save up money. 2013 was the year we got married, bought a new car, and then bought a house! It was a crazy year where we were very frugal. Since then we’ve relaxed off that unsustainable pace but we’re still keeping our spending down.

We’ve also had some change in the way we think about money. I’ve always tended to be more the saver kind of person and my husband more so to save but enjoy life. With our goals set in place and steadily clicking along, plus some family medical issues we’ve had along the way, we’ve definitely re-evaluated what money means to us. We’ve taken some lavish (lavish to us) vacations and not felt guilty over any of it! Last year we went to Japan and this year to Hawaii and spent a good chunk of cash. This year we might get a Tesla model 3!

No matter what the future is pretty exciting. We’ve set up our finances well for the years to come and it’s moving along! How’s your financial journey coming along?



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