By The Numbers
Comparison By Age
$100,000
$12,248,257
Comparison By Occupation
$0
$3,808,990
Comparison By Education
($158,649)
$6,637,900
Comparison By Salary
($75,726)
$5,601,211

proud2bfrugal's Profile

Currency
United States Dollar - USD
Date Joined
9/19/2018
Salary Range
150,000 - 199,999
Occupation
Computer Support & Services
Age Range
55-59
About Me
Brought up middle class by a family that avoided debt and always had money in the bank, never a financial crisis. Encouraged saving and planning for the future (grandfather opened an IRA for me when most people didn't know what they were). These lessons rubbed off on me evidently. After 34 years in the corporate world, I was laid off (I was willing and ready, no tears shed), and I'm exploring my options for my next career phase. Would like to be a consultant in writing and editing, my training and background, vs. a captive employee. If I have to, I'll take a part-time job to bring in some additional income if my freelancing doesn't pay enough.
Why I Joined
Benchmark myself against others, keep track of my own progress.
Best Financial Decision
Selling a house in 2007 at a good profit that I bought in 1999. Living beneath my means but still enjoying the things I like, such as traveling. Marrying someone with similar financial values. Buying a modest house for our next home, with over 50% down, and paying off the mortgage in 4 years.
Worst Financial Decision
Rolling a pension plan distribution over into a "hot" tech mutual fund at the peak of the dot-com craze. We all know what happened soon after. I finally gave up the hope it would return to its original value after many years, and transferred it to an index fund. It was a pretty cheap lesson to learn in retrospect.
Current Investing Strategy
Live way below our means. See below for more details. I hold a large cash position right now, may invest some of it in the future, but I want liquidity and safety for the time being while I am in this career transition phase.
How do you manage your finances?
Online banking makes it so easy. Automatic savings deductions into high-yielding bank accounts. Setting annual targets for saving and monitoring progress throughout the year. Saving as much of pre-tax income as possible, both for my wife's 401k, employee stock purchase plan, and personal savings.
What tools do you use?
Scraps of paper, literally. A calculator. Some web sites, Excel spreadsheets on occasion. I don't like a lot of fancy tools obviously! My wife is the exact opposite and deep into using Excel, Mint.com, and other software tools.
I need financial help with...
Preparing for semi-retirement (I don't plan to stop working completely for quite some time), with an eye towards maximizing income from my portfolio.
Favorite Authors
Your Money Or Your Life was the book that was my game changer. I follow a few frugality/financial independence blogs like Mr. Money Moustache.
Last Login
4/14/2019
Net Worth Entries
All values shown in USD ($)
2019 - April $3,063,000 $0 $3,063,000
2018 - October $2,911,000 $0 $2,911,000
2017 - December $2,642,000 $0 $2,642,000
2017 - March $2,377,000 $0 $2,377,000
2016 - October $2,130,000 $0 $2,130,000
2016 - June $2,085,000 $0 $2,085,000
2015 - December $1,951,000 $0 $1,951,000
2015 - June $1,946,000 $0 $1,946,000
2014 - August $1,833,000 $0 $1,833,000
2014 - June $1,823,000 $0 $1,823,000
2014 - March $1,750,000 $0 $1,750,000
2013 - December $1,687,000 $0 $1,687,000
2013 - August $1,605,000 $0 $1,605,000
2013 - June $1,588,000 $0 $1,588,000
2013 - March $1,449,000 $0 $1,449,000
2013 - January $1,421,000 $0 $1,421,000
2012 - September $1,322,000 $0 $1,322,000
2012 - March $1,281,000 $0 $1,281,000
2012 - January $1,230,000 $0 $1,230,000
2011 - August $1,204,000 $0 $1,204,000
2011 - June $1,253,000 $48,000 $1,205,000
2011 - March $1,208,000 $55,000 $1,153,000
2011 - February $1,193,000 $55,000 $1,138,000
2010 - October $1,157,000 $64,000 $1,093,000
2010 - July $1,131,000 $67,000 $1,064,000