Just surpassed $1m net worth

[Anonymous]

I can't really talk to anyone except DH about this, so here I am anonymously.

According to the personal capital app, our savings and investments just crossed over the $1m mark (and are at $1,009,671 at the moment).

Feels good. 41 years old, so maybe this isn't great for our age, but it feels good nonetheless!

[Anonymous]

Congrats!!! That DOES feel good! Keep doing what you’re doing!

[Anonymous]

Congrats!

Yes, it does feel good

[Anonymous]

Go out and celebrate with nice dinner

[Anonymous]

Well shit, I'm 39 and you're way ahead of me. So go on with feeling good about it!

[Anonymous]

My savings and investments are squat, but my retirement fund and home equity surpass $1 million. Does that count?

[Anonymous]

Anonymous wrote:My savings and investments are squat, but my retirement fund and home equity surpass $1 million. Does that count?

Yes, it actually does.

[Anonymous]

Anonymous wrote:My savings and investments are squat, but my retirement fund and home equity surpass $1 million. Does that count?

Yeah, are you counting home equity? Because that's a game changer, and yes, I'm comparing because this is DCUM and that's what we do.

[Anonymous]

Yay OP! Go celebrate, and now set your next target!

(DH and I were like you - we hit $1M combined just before we hit 40. Given the markets and our continued saving and investments, we are now closing in on $2M 5 years later.)

[Anonymous]

OP here - I am not counting home equity (~$200k), but definitely am counting retirement savings. In fact, that accounts for the bulk of the million.

to PP, I am hoping we hit $2m in the next five years. then I can leave biglaw and do....I dunno, something else.

[Anonymous]

We finally hit liquid savings (non retirement) above what our mortgage debt is. That was a nice moment.

[Anonymous]

Anonymous wrote:OP here - I am not counting home equity (~$200k), but definitely am counting retirement savings. In fact, that accounts for the bulk of the million.

to PP, I am hoping we hit $2m in the next five years. then I can leave biglaw and do....I dunno, something else.

Our home equity is about $500k+ so we definitely count it in our net worth. Congrats!

[Anonymous]

SAME! This month! Our net worth not including our home equity is now $1,005,000 as of this month (401K, 403B, brokerage, kids 529's). We probably have about 500K in equity in our house but we don't plan to move basically ever so I don't really count that as readily accessible.

I am 35 and DH is 40.

[Anonymous]

Anonymous wrote:SAME! This month! Our net worth not including our home equity is now $1,005,000 as of this month (401K, 403B, brokerage, kids 529's). We probably have about 500K in equity in our house but we don't plan to move basically ever so I don't really count that as readily accessible.

I am 35 and DH is 40.

I don't think you understand what "net worth" means.

[Anonymous]

Not to burst a bubble but your combined net worth just crossed $1 million. Your individual net worth is 1/2 of that. Still not bad but everything is easier in two player mode!