Anonymous wrote:Anonymous wrote:Anonymous wrote:Congratulations, OP!
Do you mind breaking down how you did it? I mean, what your asset breakdown looks like? Just curious, if you're comfortable sharing.
Sure. All numbers are rounded a bit
$75,000 cash. That's a combo of $10,000 emergency savings sitting in a plain savings account and $65,000 in a rainy day fund for a job loss kind of thing-- almost a year of basic bills. That's in CDs that come up every 2 months.
$200,000 in home equity-- $450,000 home value says Zillow and a $250,000 mortgage.
$125,000 in stocks and mutual funds that I started investing in when I had a bit more money to save after retirement. And recently includes some stock options I received through work in my latest job.
$80,000 in a 529 for my son.
$550,000 or so in 401(k)s.
Never been married so none of it comes via an ex. Saving, trying not to spend, and a lot of good fortune. While I am proud of what I have done to get where I am in life, I also recognize how much of my 'success' is really the result of being lucky enough to have good health, a good mind, a healthy child, and a lot of lucky breaks.
Thanks again for the support, DCUM!
Serious question. You said your net worth is $1M+. What you listed here are your assets. Do you have no debts or liabilities? Surely you should factor those in to really know your net worth?
Anonymous wrote:Anonymous wrote:Congratulations, OP!
Do you mind breaking down how you did it? I mean, what your asset breakdown looks like? Just curious, if you're comfortable sharing.
Sure. All numbers are rounded a bit
$75,000 cash. That's a combo of $10,000 emergency savings sitting in a plain savings account and $65,000 in a rainy day fund for a job loss kind of thing-- almost a year of basic bills. That's in CDs that come up every 2 months.
$200,000 in home equity-- $450,000 home value says Zillow and a $250,000 mortgage.
$125,000 in stocks and mutual funds that I started investing in when I had a bit more money to save after retirement. And recently includes some stock options I received through work in my latest job.
$80,000 in a 529 for my son.
$550,000 or so in 401(k)s.
Never been married so none of it comes via an ex. Saving, trying not to spend, and a lot of good fortune. While I am proud of what I have done to get where I am in life, I also recognize how much of my 'success' is really the result of being lucky enough to have good health, a good mind, a healthy child, and a lot of lucky breaks.
Thanks again for the support, DCUM!
Anonymous wrote:I'm just positive these 2 millionaire single, never-been-married moms also don't receive massive, untaxed child support checks from their baby daddy's. yea right?
Anonymous wrote:Anonymous wrote:Guarantee over 50% of it is directly from her ex. This just proves she's good at selecting successful men.
What made you think that? Because shes a single mom?
Anonymous wrote:Guarantee over 50% of it is directly from her ex. This just proves she's good at selecting successful men.
Anonymous wrote:Congratulations, OP!
Do you mind breaking down how you did it? I mean, what your asset breakdown looks like? Just curious, if you're comfortable sharing.
Anonymous wrote:Guarantee over 50% of it is directly from her ex. This just proves she's good at selecting successful men.