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Reply to "When did you hit $1m in networth?"
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[quote=Anonymous]27. Home equity of $400k from prepaying, 401(k)s and a rental property I inherited. FWIW, post-kids I took a lower-paying job and DH moved to academia. The rental property only brings in about $10k a year despite its $600k value. I keep it for sentimental reasons. We do not live like "millionaires" and do not spend much. I shop at Target and Walmart. We do have newish, paid for cars (but not fancy -- a Ford and a Subaru) and take decent vacations (to our rental property but that "costs" too -- in that then we hardly make anything that year if we stay a few weeks in the house during peak season). We live simply and continue to work toward paying off our house.[/quote]
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