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

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[quote=Anonymous][quote=Anonymous]If you have 5-10M net worth and are in your 50’s. Can you describe how you got there?  Just curious. And only if it’s self made. No parent money to start you off. [/quote]

We're on the lower end of your range, but we got there by buying a small home more than 20 years ago. The kids shared a room. We paid down the mortgage aggressively so we were paying off principal from the beginning. We paid off our house about 10 years ago. It's one of the smaller houses in the neighborhood but we make it work.

We send our kids to public schools. We buy a car with cash and drive it for at least 10 years. We shop at Target, Costco, and Amazon. We don't care about designer clothes or fancy jewelry. We take one nicer vacation every other year. Other vacations are just to see family. We didn't start the nicer vacations until the kids were at least tweens so they could appreciate it. We eat out or do take out no more than once or twice a month. We cook at home and bring bag lunches. We don't go to Starbucks.

There are a lot of ways you can save money if you try. [/quote]

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