Excellent math! Math major?
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Only in DCUM world would this be considered not great. Most of the population can only dream of having $1 million net worth, at any age. |
| Congrats!!! |
| Congrats!!!!!!!! |
| Well done OP! We are 38 and are getting close, most likely will hit it within the next year or two. |
| Congrats! Keep up the good work! |
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Me too. But I think a lot of us barely-millionaires are going to un-become millionaires in the impending market crash.
It's something while it lasts! |
You know, you can take a short position if that's really what you believe...
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You and your “short” position |
| As of today Personal Capital shows my net worth excluding home equity to be $5,022,088. Including home equity, it's $5,823,724. I, too, was in Biglaw. Retired 5 years ago in my early 50s. |
I didn't get to a million trading puts and calls and it's not how I'm going to get the second million, either. Thanks though.
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OP here. what was your net worth when you retired? did you find that after you hit your first million the others came faster? I hear this often. |
You could invest in any number of things other than stocks, or just hold cash, if you are convinced an impending market crash is about to destroy your wealth but are too lazy to figure out how to profit from a downturn. |
My net worth then was about $4 million. Yes, the numbers jumped pretty quickly. In 2008 after the market crash I probably was at barely a million. My net worth went up $1 million this year alone, and I'm not even working! Life is pretty good. |
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CONGRATULATIONS !
My husband met with our FA this morning and he said you know you're a millionaire right ? I don't want to say how millionaire but my husband laughed and said yeah, I know. Then the FA said no one would ever suspect you were this comfortable. You come see me wearing work clothes and boots and no one knows. My husband said I didn't know I was supposed to look the part. So funny. Just want to say we are grateful for everything we worked for. Neither of us came from money. We made it the old fashioned way. We worked. Well that and God helped by keeping us spiritual. So thanks be to him too. |