Reply to If you have been a biglaw partner for 10+ years, how much wealth have you accumulated?

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Reply to "If you have been a biglaw partner for 10+ years, how much wealth have you accumulated?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This thread makes me feel a lot better about our dual engineer salaries (one FT, one PT WAH) and our Millionaire Next Door investing perspectives.

We're beating a lot of BigLaw partners in terms of wealth accumulation, and we're working a hell of a lot less. [/quote]

Sorry I don't believe it...how do two engineers end up accumulating $5m+ in net worth by 45 without perhaps some big option scores?

How much can W-2 HHI be without stock options/RSUs for both of you?  $400k combined?  After tax that's $250k?  Perhaps you spend less than $100k annually?  Do you have children?  If not, that's not a fair comparison.  Let's say you save $150k annually but you didn't start your careers out making $400k combined--perhaps more like $200k combined initially--after tax $120k saving $75k annually.  So on average saving $100k annually for the last 20 years?

Also you're comparing yourself to the big law partner where one spouse stays at home the entire time--both of you work.  If you have two big law partner spouses you're talking about net worths of $10m+.[/quote]

We'll have $5M by 50, probably not 45.  We have three children. [/quote]

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