When did you hit $1m in networth?

[Anonymous]

Just out of interest, if you have more than $1 million in net worth, how old were you when you reached it?

How did you aquire it? In relation to your lifestyle (and income), does this represent a huge amount, or is it no big deal?

[Anonymous]

I don't anticipate hitting that mark for about 10 years. 33 and 36 years old now.

[Anonymous]

never

[Anonymous]

We hit it right before the recession. We saw it on mint -- home equity plus retirement accounts = over $1M net worth. Then it slipped away with the recession. Just got it back about a year ago and now we are at $1.075M.

[Anonymous]

Liquid net worth or total net worth?

[Anonymous]

Age 40 for me.

[Anonymous]

Anonymous wrote:Liquid net worth or total net worth?

OP here, I meant total net worth. Liquid net worth is probably a lot further out of reach for most.

[Anonymous]

Anonymous wrote:We hit it right before the recession. We saw it on mint -- home equity plus retirement accounts = over $1M net worth. Then it slipped away with the recession. Just got it back about a year ago and now we are at $1.075M.

How old were/are you?

[Anonymous]

Aiming for around 55 but who knows!?

[Anonymous]

Anonymous wrote:Liquid net worth or total net worth?

DH never allows house equity or law firm equity to enter our balance sheet. So that makes it much harder. But using this formula, we hit $1M at 40.

[Anonymous]

48 and 49.

No debt. Paid off our house last month. House is probably worth about $600K, investments (retirement and non-ret) just under $900K.

[Anonymous]

Um, today I guess. DW usually does Mint and I thought I'd check it just for this thread -- $1,063,000. Woo hoo! Of course, it looks like this might be due to Zillow, which has our house valued at +75K from what it was when we refinanced last year.

[Anonymous]

Anonymous wrote:Um, today I guess. DW usually does Mint and I thought I'd check it just for this thread -- $1,063,000. Woo hoo! Of course, it looks like this might be due to Zillow, which has our house valued at +75K from what it was when we refinanced last year.

Oh, I'm 43 btw.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Um, today I guess. DW usually does Mint and I thought I'd check it just for this thread -- $1,063,000. Woo hoo! Of course, it looks like this might be due to Zillow, which has our house valued at +75K from what it was when we refinanced last year.

Oh, I'm 43 btw.

On the second question:

550K in straight retirement savings, DW saving the max her entire life; me with a significant catch up while working for law firm.
$200K in nonretirement savings/investments. No big gains there and several periods of losses.
$300K in equity, rolled over from two prior properties at about $100K each and about $100K paying down mortgage balance in the last 10 years.

[Anonymous]

last year. I was 38, DH was 35. I still can't "believe it" but the reality is, we don't spend money, ever. We could use a new care, a nice vaca and probably a new roof on our house.