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]

I am 52, NW 7 mil. I think a lot of it is a result of buying a house at the right time and investing gains. We are an example of one: we bought our house in McLean in 2019 for 1.3 mil, it’s easily worth 1.9 mil, timing worked in our favor not that we are very smart or something. As for investing, yes we have our 401ks but for our brokerage account we bought Amazon and Nvidia at the right time and just last week booked a profit of 1.6 million.

I truly think luck and timing plays a huge role for lots of people. Although just one thing I will claim for myself, it’s my ability to take a decision rather quickly. You will never have 100% information for any decision, typically we have 75% information and based on that we need to decide one way or another, I have seen a lot of people waiting for 100% information or guarantee but that’s not how life works. 
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