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Max Out!

Blog Info

Name:
Max Out Retire Early
Category:
Early Retirement
Tags:
401k
Start Year:
2017

Blogger Bio

Net worth:
Location:
San Antonio, Texas, United States
Age:
30s
Race:
Hispanic
Gender:
Male
Life stage:
DINK (Dual Income, No Kids)
Profession:
Consultant
Fave $ Books:
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Latest Blog Posts

So I bought me some bitcoin and ether – digital (fiat?) currency. Yes, I know I’m extremely late to the game. In fact, i’ve known about it for at least four years and considered purchasing some coins (is that even the right terminology?). In early 2015, I attended a conference where developers from Ethereum came and talked about how ether was going to blow bitcoin out of the water. After ...
Posted: Oct 07 2017 @ 11:03 PM
Yet another month with double digit (in $Ks) growth. This continues to seem unsustainable. We still haven’t had a significant market pullback in a while. October has to be a down month. After all October’s the month when the Panic of 1907, The Crash of 1929, and Black Monday occurred. But I remain optimistic :). Anywho, the market jumped a nice 2%. Assets +$12,266 change Mr MORE’s 401k: The market and our ...
Posted: Oct 04 2017 @ 10:48 PM
The day before my 30th birthday, I made the biggest purchase in my life. After looking at 30+ houses (this must’ve drove my cousin/realtor nuts), I finally decided on a spacious 2600 sqft home in the quiet suburbs for the price of $190,000. My home equity grew $100K in four years and few months thanks to appreciation and paying down my mortgage. This was way faster than I imagined. So ...
Posted: Sep 30 2017 @ 5:58 PM
Yet another month with double digit (in $Ks) growth. This seems unsustainable. We haven’t had a significant market pullback in a while. I have a feeling September won’t be so kind. However, I’ll take it while it lasts! This month was kind of boring as there were no significant jumps in value for anything other than our home. Assets +$9,772 change Mr MORE’s 401k: I was concerned my 401k value would fall ...
Posted: Sep 01 2017 @ 8:51 AM
How much money does one need to be wealthy? According to a Schwab study $2.4M to be wealthy and $1.1M to be financially comfortable according to a Schwab’s recent study entitled “How Americans Define and Manage Their Wealth“. I hope that Mrs MORE and I can get to early retirement in at least a financially comfortable position, if not a wealthy position. Our 10 year plan has us on track to reach ...
Posted: Aug 11 2017 @ 8:43 AM
How much money does one need to be wealthy? According to a Schwab study $2.4M to be wealthy and $1.1M to be financially comfortable according to a Schwab’s recent study entitled “How Americans Define and Manage Their Wealth“. A financially comfortable amount of income in retirement would equate to $44K per year ($1.1M*4%=$44K) where as a wealthy amount of income in retirement would equate to $96K. This makes sense when you reference those ...
Posted: Aug 11 2017 @ 8:43 AM
Another solid month with double digit growth. We’ve had extraordinary luck (and diligent saving/investing) maintaining this pace. Six out of seven months have double digit growth blowing up our net worth by $100K+ and we broke $400K net worth! *insert applause* The snowball effect on our net worth seems more visible than ever before.   Assets +$16,223 change Mr MORE’s 401k: I broke $300K! *insert more applause* I hope you can indulge me as ...
Posted: Aug 01 2017 @ 10:10 PM
People can get to early retirement in many ways: predicting the bitcoin craze a few years early (and at 18), inheriting cousin Walter’s gold bullion collection, being a beneficiary (i.e., family member) of brother Donald’s Powerball persistence, acquiring a sustainable sugar daddy (sorry, no link… didn’t want to Google it/read about it ), etc. Unfortunately, stumbling upon luck is certainly not my forte and likely not yours. Retiring early ...
Posted: Jul 19 2017 @ 11:01 PM
I’ve made good choices and I’ve made terrible choices in my life. The good choices have propelled me ahead in life and compared to my fellow Americans. The terrible choices tend to set me back financially but increase my “experience assets.” What are those good decisions? Formal Education I’ve always prioritized education and learning in my life. Without a doubt I can say that it’s had a positive impact in many aspects ...
Posted: Jul 09 2017 @ 1:09 AM
I’ve made good choices and I’ve made terrible choices in my life. The good choices have propelled me ahead in life, getting me closer to early retirement every day. What are those good decisions that brought delivered great assets? Formal Education I’ve always prioritized education. Without a doubt I can say that it’s had a positive impact in many aspects of my life, especially in my assets. I’ve tended to take risks ...
Posted: Jul 09 2017 @ 1:09 AM

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