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Reply to "How long to get from $2M to $3M"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Want to know around how long it might take to get from $2M to $3M. Contributions (including employer match and backdoor Roths) should be around $70k annually. Will pay down $24,000 annually on mortgage principal. ([b]We happen to count mortgage as part of net worth[/b].) Asset allocation is around 75% equity, 25% bonds/cash equivalents. [/quote] Not sure what this means. Are you not deducting the mortgage from your home value to determine your net worth? You should be. Or did you misstate and meant to say you include your house value less mortgage in your net worth?[/quote] Mortgage is a liability, negative contribution to net worth. Property full value is an asset. [/quote]
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