LSUmajek

OP Update*

It's been fun looking back at this thread and reflecting on the progress over the last eight years. Hopefully it also serves as a reminder to the younger crowd that time is your greatest ally when it comes to investing.

During my years at LSU, I spent a lot of time browsing this forum, and many of the discussions here had a significant impact on how I approached investing and personal finance. For that, thank you all.

About 10 years ago, I set a goal of reaching a $1 million net worth by age 35. We accomplished that goal a few months ago. The next milestone is reaching $1 million in liquid assets by age 39.

Life Update

- 36 years old, married, and now have two boys.
- Still working in the offshore industry, but have moved into upper management. I bring home approximately $4,800 biweekly. Quarterly bonuses not included.
- My wife took a work-from-home position that allows her to spend more time with the kids and brings home roughly $2,000 biweekly.
- Started investing in rental construction equipment, which now generates about $3,000 per month. I plan to continue scaling this business.
- Current plan is to sell my small Hill Country property and reinvest the proceeds into the rental business. The long-term goal is to use that cash flow to purchase a 100-acre ranch by age 40.

Assets

$360k in 401(k)s
$200k in taxable brokerage accounts
$50k in cash and savings
$55k in 529 plans
$120k Hunting Property
$70k in Rental Equipment

Debt

$280k remaining on the same house
$30k in vehicle loans at 0%
No other debt

The biggest lesson for me has been that there was never a magic investment or a huge windfall—just consistent saving, regular investing, and giving compounding time to work

Considering I made a bet with a friend late last year that he’d be the 1st or 2nd QB drafted, I’m really hoping he crushes his pro day and sneaks into the first round.

Realistically… probably 5th

Where did he say this? Link

Remind me. Was Lincoln Riley’s family spotted in BR?

Should have taken two.

I feel so bad for him

I wouldn’t count your chickens just yet, let’s see what Chynah says about trumps 50% additional tariff threat.

quote:

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I wouldn’t buy any land without a plan for development or improvement. Rural or otherwise.

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Agreed.. Need to understand the market as well.

There's alot more individuals that can afford a ~$150/200k property, not too many who can afford a $400k property.

Also, there a big difference in land value when it has electricity on it.. If OP is serious, I would suggest looking for a plot of land that is 1/2/3 poles away from power.. Simple ~$10k investment will then likely yield an addtional $1k an acre.

Bottle of red wine & a good prime ribeye steak

As much as I hate it, it’s a business & Alabama will bring a larger crowd & more revenue. You have to think that is playing into the decision to an extent

S&P 500 Index Fund

Who have they beat though? They honestly haven’t had a test yet