Milestone Reward – $400,000 – Trip to Florida
- Milestone Rewards – How to Make Investing Fun
- $350k Milestone Reward – Concert
- $400k Milestone Reward – Trip to Florida
Recently, we had the opportunity to celebrate in Florida with some friends. Even though I had taken a break from blogging, we were still able to fulfill this milestone reward! When we first created the rewards, our net worth was only about $310,000 and reaching $400,000 seemed like decades away. In reality, it took just a little over a year. This is truly a testament to compound interest as we hadn’t focused on our finances much during this time.
reaching $400,000 seemed like decades away.
Anyways, back to the fun part. We were able to celebrate our $400,000 milestone, which was a vacation to Florida! We were able to take the vacation with some good friends of ours. This helped us both save on expenses and was a ton of fun. Everyone had a blast, and giving yourself rewards really helps make the journey more fun along the way!
Cost of the trip
Let’s take a look at the expense breakdown.
Since we were able to split the costs of lodging, this vacation came out pretty reasonly for a 5 night get away. We could have saved quite a bit more by not eating out. Every restaurant ended up being $50 minimum for 2 adults and 3 kids. But honestly, it’s okay to live a little bit. Overall, a total of $1,612 was pretty reasonable.
it’s okay to live a little bit.
Looking back, we have quite a few milestones we still need to celebrate. We still haven’t celebrated:
- $325,000 – Melting Pot – our favorite restaurant.
- $375,000 – Overnight hotel – this will be hard to find a babysitter for is the main problem….
- $425,000 – Finishing home decorations – we’re in a rental currently, so this will have to wait.
- $450,000 – Tropical Vacation – due to COVID, this will might need to change.
It looks like we might need to sit down and re-visit some of the rewards since we’re already over $450,000 after this month. And honestly, if I would have known our investments would grow this quickly – I would have chosen $50,000 increments instead of $25,000. That would make this a bit easier to afford all of them without breaking the bank!
The next two milestones we have listed are:
- $475,000 – New couch – We might need to change this as well.
- $500,000 – New porch – Technically we will be getting a new porch, since we’re in the process of building our new home.
A lot changes in two years for sure! What are you guys doing to celebrate your milestones?