Anonymous wrote:Congrats OP. Not sure why there are so many grinches on this board. It's a great accomplishment.

Honestly, though, being a "millionaire" doesn't mean the same thing it used to (and it's just a number anyhow). I personally wouldn't splurge on anything. I'm sure it's just a milestone along a longer journey to financial security. Go to dinner if you feel the need to mark the occasion but I would leave it at that.

I couldn't agree more.

Anonymous wrote:Well, you can check item one off your list: posting your humblebrag on DCUM.

No shit. Go piss on an electric fence, OP.

Congrats OP, great milestone and accomplishment. This is no more bragging than a shout out by someone that finished her first marathon. You had a long term goal and you stuck with it through ups and downs. Good for you! And it means something real in terms of long term security for your family.

Stop and look around at how much you have (not just money, but health, family and friends too) and appreciate that and the financial accomplishment, and then be inspired by it to do more.

Anonymous wrote:I've passed the mark and am not saying this in a snarky way, but just didn't think it was any big deal.

No doubt it's an emotional thing. Doesn't have to be rational. For me, it was a big fat deal because it allowed me to contrast my current situation with my childhood, when my parents didn't have enough money to send me on school field trips. I'd never say his in person, because it might make me seem petty and silly. But honestly deep deep down, it makes me feel so secure. That's a big effing deal to me!

I've passed the mark and am not saying this in a snarky way, but just didn't think it was any big deal.

Congrats OP! We're the same age, and I came out of grad school 20 years ago with serious debt, $95k. Everyone told me not to take out those loans, but best decision I ever made. We passed the $1m mark recently too. We didn't celebrate and I regret it. People who are criticizing here are probably jealous. Or maybe they grew up rich and can't feel the high because they never felt the low. You go girl! Financially stable is the best feeling, and it's so damn good because I know its opposite too well from childhood.

Anonymous wrote:p.s. if you have $1M saved (as opposed to net worth, because liquid funds are what really matter most), you have an income stream of about $40k/yr if you're around 50-60 yrs. old.

So having $1M in the bank does not make you rich, although it can sound that way.

If you make $100k/yr and want to replace most of your income you're going to need at least $2-3M in liquid assets (i.e., not including your personal residence, etc.).

I have spent my 20-year career in banking, finance, and wealth management, and if you have $1 million in liquid assets (cash, cash equivalents, and marketable securities) that are in non-retirement accounts, you, by any definition, are wealthy.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Get a Champaign enema.

Is that something you do in Illinois?

No, that's something the associates at DLA Piper do...too soon?

Yep.

Anonymous wrote:

Anonymous wrote:Get a Champaign enema.

Is that something you do in Illinois?

No, that's something the associates at DLA Piper do...too soon?

OP CONGRATS! When we hit that milestone we: had a beautiful and expensive dinner, took a short luxury vacation, toasted each other many times and bought a couple of things we had been longing for. Very satisfying

so much jealousy here of an OP they will never know

Anonymous wrote:Really, OP? I find it sad that you feel the need to come here to brag about such things. Not that it's not an accomplishment, but...who carries on about it like that?

I agree with the PP -- how about making a big donation to a charity, to 'pass it on'. And I'd recommend not sharing your 'good news' with anyone you actually know, unless you want to come off as a braggart.

Sour grapes

I'd book a vacation

Good for you OP. DH and I celebrated our million dollar mark with champagne. It's a great milestone especially if you come from humble origins (rust belt Midwest here and DH is 1st generation America) with solid middle class professions (military and nonprofit).