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Reply to "Do many households here have $15 M net worth or more?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The stock market performance of the last 10 years can make anyone who saves look like investing geniuses. [/quote] This. Our net worth has increased from $5M to over $13 M since 2017 because we save 30 or 35% of our income.[/quote] Yep. These are the things you’re not taught in most MC families. Had to learn about the rule of 72 on my own and thank god I did in my late 20s. MC finance just teaches to save in a HYSA or bonds for life and totally skips the equities piece (VOO, VTI, etc). If you don’t have broad diversified equities exposure you’re on the wrong side of the K shaped economy. [/quote] Oh I you can be taught that until the cows come home. It is not rocket science. The hard part is actually doing it.[/quote]
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