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Blogoversary - 5 Years

March 12th, 2013 at 05:06 am

Happy Blogoversary to me! It's been five years since I started my blog and now we have no debt except our mortgage. Our emergency fund has doubled in size. And our retirement accounts have increased 2.5 times. Based on my experience, blogging is a great way to make great things happen financially!

I transferred the net proceeds from my Ebay sales to our checking account last night. The four sales net us $35.77. This snowflake goes to the Christmas fund!!

The stock market it moving up fast! I still think there will be a correction this year, but I'm no expert. Just because the market is up, doesn't mean you missed the boat in investing. Now is always a good time to invest if you are in for the long term, 10 years or more. I hope to write a few posts on investing for retirement soon.

When did you first start investing for retirement? How did you start? Savings account, mutual fund, an IRA, Roth or 401K?

12 Responses to “Blogoversary - 5 Years”

  1. mjrube94 Says:

    Happy anniversary! I can't believe it's only been 4 years; I think of you as an "elder statesman" because you always give such great advice and encouragement!

    I started investing in a 401(k) when I started my job at 20 years old. One of the best pieces of advice my dad gave me was to contribute what the company would match (6% at the time) from day 1. I'd never miss it and it would grow quickly. Then add a % every time I got a raise or promotion. It's been painless.

  2. CB in the City Says:

    I think it's true that blogging helps with the progress. It makes a difference to share your successes and failures with people who trying to go in the same direction.

  3. Thrifty Ray Says:

    Happy Blogaversary to you! You have done an amazing job with those finances in 4 years! Cheers!

  4. creditcardfree Says:

    Oops! I wrote four years. It's been five!! Apparently, I can't do simple math sometimes. 20013-2008 is five, right?!

  5. MonkeyMama Says:

    Happy Blogoversary! I feel like you have been here forever. Big Grin Only 4 years!?!

    Neither of us saved for retirement while young, though we both worked. I was buying a car and paying my own way through college. My spouse lived at home and had all that stuff handed to him, but he was saving fiercely for a down payment on a home (in crazy expensive land).

    After college, I started putting 10% into my 401k. I have always done 10% at work, post-college. Some years we also funded IRAs. So, we have consistently saved 10% since age 23. Counter to popular assumptions, our best retirement savings years have been with my spouse out of work. We try to save at the same level, but with half the income, that translates into a much higher "percent of income" savings. We pull it off because we no longer pay income taxes (we used to get slammed by taxes). I think most our friends and family would be shocked by our retirement savings. I get lectures at times how behind we must be, online and offline. Wink Seriously, just the other day a well-meaning relative asked if we had started saving for retirement. Seriously!?!

    As of 2010 I no longer have a work retirement plan, so we just max out our ROTHs. Which is ample for us given income and retirement savings already amassed.

  6. MonkeyMama Says:

    Five! Big Grin That makes more sense?

  7. ceejay74 Says:

    I missed out on the sweet years of investing (early 20s) where it's going to balloon by retirement, but NT did and even though he's not investing in his UK pensions anymore, they still go up every year, so that's a nice nest egg he got started for us. I started in my mid-late 20s but didn't contribute very much. In the past couple years we've finally gotten to a place where we put aside 10% of our gross paycheck income (it's less than 10% if you count our rental income). I hope to bump it up a few percentage points in a few years when we've achieved some of our other aggressive goals (student loan payoff and new home down payment, and maybe moving to England).

    I think you're right about this market boom; it's just a temporary bump. Investors are excited about all these recent mergers & acquisitions, but once the austerity measures slow our economy down, the Dow Jones will be quick to follow.

  8. PNW Mom Says:

    Happy Blogoversary!

  9. Looking Forward Says:

    Happy Blogoversary! I so enjoy reading your posts. Always inspired by your progress and positive attitude. Big Grin

  10. MissAngel Says:

    Happy Blogoversary!!

  11. FrugalTexan75 Says:

    Happy Blogaversary! I started investing for retirement my first year out of college - I think it was up to the match (4 or 5%), and continued to do so as long as I had a 401k. I started a Roth in 2006 while waiting to be able to open a 401k plan with my company. Now that's all I have - a ROTH.

  12. LuckyRobin Says:

    Congratulations on five years.

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