Reply to How many 55yo that you know in DMV have $3M+ NW?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are in our are late 40s in Tech, live in Texas. Asian immigrants who paid for their for masters with loans. NW $5M+

For us the key was to save atleast 30% of income, consistently. have high income. Suffered a couple of job losses, but got right back in the job search.

We dabbled in individual stocks, but lost big time. Index funds have served as well, almost all of our money is now in index funds, except primary home.

Bought only one home. Great school district, but smaller not updated home. Our fixed costs are low compared to HHI, kids are in public school.

Plan to retire in 6-7 years. Home stretch, so hoping we continue to retain our jobs. [/quote]

That’s nice but the cost of living in TX is different that the DMV which is what the post is about. FWIW we have a similar story (our vehicles are old, one now qualifies for antique plates!), but have $2M with 2 kids.[/quote]

Yes of course, the COL is different. Put truly, our companies adjust our salaries based on the COL. None of the RSU grants really took off.  I was always mid paid employee in my salary band for Texas location.  DH changed jobs every 2-3 years and have worked many 18 hr day to progress in his career. We are lucky for sure.[/quote]

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