I am very happy because this week I have hit two milestones. My retirement savings have finally hit the $200K mark (between my two accounts). And I finally have over $2000 in my online savings account. Yes, I still have debt but there is something comforting about looking at that number and seeing it again. It’s been a long time.
I used to think that you needed to save $1,000,000 if you were going to be able to retire comfortably. Of course, I used to think I needed the house, white picket fence, 2 cars and a garage to be happy. My, how times (and perspectives) have changed!! It’s comforting to know now how much less I can survive on and still feel happy.
To many of you, that may not sound like a lot to have saved in my basic savings accounts. Some folks try to save $2K per month. But in the grand scheme of things and relative to my very low income of about $24K per year (not counting the transcribing I’ve been lucky to get thanks to my friend Elaine), it feels good. I’m saving 7% pre-tax and about 13% post tax to fund various savings accounts (or sinking funds, as some like to call them.)
And I’m almost up to $1K in my tiny house fund. Yes, I have a long way to go. But as my friend Dan says, I’m determined, and he knows there’s no stopping me when I set my mind to something.
Now that I’ve set my mind to something, I see opportunities opening up to me. I was offered the chance to make some overtime at work, at another animal hospital that is undergoing some staffing shortages and I’ve taken them up on three extra shifts. Overtime, baby! And a co-worker of mine was scheduled to work Christmas morning and she has a three year old kid. I offered to work her 6:30-12:30 shift. It’s a win for both of us. She gets to spend the holiday with her kid and I get paid 2.5 times my regular rate. And the more my paycheck is worth, the more goes into my 401(k) for that paycheck because my contribution is based on a percentage, not a set dollar amount.
Last night, on my way home from work, I passed two people pushing their shopping carts full of their only belongings. It makes me very sad to see so much of that in this city.
It makes me even more determined to not let that happen to me. I might not want to work the next two weeks in a row without a day off, but sometimes you have to make sacrifices, and like I said in an earlier post, sometimes you just have to say to yourself, “whatever it takes.”
What kind of milestones are you reaching for? What kind of milestones have you reached already that have made you feel awesome and even more motivated??
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