Reached $1.7 million in net worth. Proud.

[Anonymous]

Congrats OP! We just got close to 1.6M And I felt the same. Though I did get $100k from parents at one point during college so obviously that was a huge leg up and I don't take that for granted. We had saved for a down payment already so didn't use it for that but it helped with renovations. Anyway just being transparent (on this anonymous board...lol). I hear it really compounds from here.

[Anonymous]

Congrats, OP. I remember the feeling when my 401(k) crossed $1m. The first $1m is the hardest!

[Anonymous]

Congratulations, OP! The peace of mind and security money can provide is unparalleled, may you enjoy your savings in good health.

[Anonymous]

What vehicle did you use? How long did it take? Was there a match? What's the return?
My 10-year old has $300k in investments. How does a 10-year old get so much money? Just say, 'congratulations'.

[Anonymous]

Anonymous wrote:What vehicle did you use? How long did it take? Was there a match? What's the return?
My 10-year old has $300k in investments. How does a 10-year old get so much money? Just say, 'congratulations'.

2005 Honda Accord
25 min or so
No match. Just one car.
Same way return

So many questions PP

[Anonymous]

Anonymous wrote:

Anonymous wrote:What vehicle did you use? How long did it take? Was there a match? What's the return?
My 10-year old has $300k in investments. How does a 10-year old get so much money? Just say, 'congratulations'.

2005 Honda Accord
25 min or so
No match. Just one car.
Same way return

So many questions PP

Np. I think he’s talking about investment vehicle and return on investment. Lol

[Anonymous]

Anonymous wrote:Is that just for 1 person or do you have to split that with spouse?

You only have to split it with spouse if you divorce, PP. keep your energy in a more bitter thread.

[Anonymous]

Your age matters. If you are 25 it is obviously much better than if you are 58.

It’s an anonymous board. Why won’t you say your age?

What is your retirement goal?

[Anonymous]

Anonymous wrote:Your age matters. If you are 25 it is obviously much better than if you are 58.

It’s an anonymous board. Why won’t you say your age?

What is your retirement goal?

OP here. I am 19 years old.

[Anonymous]

I’m the real OP… I’m 65 and near retirement.

[Anonymous]

Anonymous wrote:Congrats OP! We just got close to 1.6M And I felt the same. Though I did get $100k from parents at one point during college so obviously that was a huge leg up and I don't take that for granted. We had saved for a down payment already so didn't use it for that but it helped with renovations. Anyway just being transparent (on this anonymous board...lol). I hear it really compounds from here.

We had our first million at 38 and 40. Six more years to the second million, four more to the third million. Compounding interest and increased value of our primary residence.

[Anonymous]

Congrats, OP!

I'm in a similar situation -- no handouts, no inheritance, etc. Paid my own way through school. I understand what a big accomplishment this is!

[Anonymous]

I'm the actual OP and 45

[Anonymous]

Anonymous wrote:

Anonymous wrote:No inheritance or handouts. $1m is in liquid assets; 700k in house equity. I panicked or stressed about money for years. I still will, but I am taking a moment to feel good!!!!

So…you’re pretty average for the DC area. Congrats, I guess?

Congrats to yourself on having a well-below average level of politeness.

[Anonymous]

Anonymous wrote:I’m the real OP… I’m 65 and near retirement.

Good work! Congrats!