Anonymous wrote:

Anonymous wrote:Single person here, age 47:
1 million. It was reached making minimum wage since age 18. Second million should come much faster now that I know what to avoid and how to grow it.
My 18-year old is about to get his first paycheck. Straight to Roth it goes.

Many congratulations to you, I come from a privileged background but I have the utmost respect for people who came from nothing but can change their life story through sheer hard work and grit.

You are the kind of person society needs to applaud.

Thank you. I actually did come from privileged background somewhat, but in another country. I moved to US at 18, but didn't get my green card until age 34. I couldn't go to school, get a better job, buy property, invest, or even have a credit/credit card for 15 years. This would put anyone behind.
I did go for Masters in teaching at some point, but I had no energy left for classroom in my 40s.
I actually made many financial mistakes now looking back. It's hard to believe that they fit into minimum wage, but they do.
I don't know where I would be if I had had a chance to go to college right away and get a job with benefits. All my friends who did get their work permits earlier than I, and do have good jobs with benefits now, will be working until 62+.
I don't work for money anymore as the million brings in more than I would ever make at my service job.
Minimum wage was not what held me back getting to the million. The main things were: not able to invest for 15 years, lots of wage theft, which took my pay below minimum at times, and other low wage workers/family needing help.
What helped? I was never sick, never out of work for long, keen interest in money and personal finance, great basic math skills, extremely strong mental and physical health, and very high risk tolerance.

Nothing is funnier than childless women bragging about their mediocre net worth as if it is an accomplishment.

I don’t understand including your home in your net worth. We certainly don’t as we don’t ever plan on living in the streets.

Age: 45,46
HHI: $475K
Assets: $3.75M
Equity: $1M

Anonymous wrote:Assets minus liabilities. Include home equity. Don't include value of expected pension. And don't lie or exaggerate. No reason to. This is an anonymous forum!

I think posters should include expected pension- that makes a huge difference. As does expected inheritance, if any. I don’t have either of those, but a number of friends will receive inheritances in the millions (they don’t brag about it, but I know their parents and family situations well enough to estimate).

Anonymous wrote:Lots of poors reporting here. Thought the numbers would be higher

I’ll continue the poors responding. At $3M total in our mid 50s as a dual fed couple.

I'm 56, single and own my own home. No debt. I'm in the top 5% of wealth in the US for my age bracket.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Reading these responses is a bit depressing, unless (1) people exaggerate or (2) only the well-off ones post.

These are couples posting. If you divide it by 2, not that impressive. I’m a single woman with $4.5m NW at age 47. Not US born, started saving and investing at age 27. HHI 350k and I don’t feel rich at all . I think for couples in their 40s $10m+ would be a decent NW but anything under is just average professionals with good financial acumen.

You my dear aren't knocking it outta the park either, plenty of folks in the 4-4.5 mil range. If you had taken your life's gears out of bitc* mode and found a decent husband then maybe your NW would have been "impressive". Something to think about.

Actually, most men feel intimidated. It is very impressive for a woman who started with zero (I moved to the US at 24 without even speaking a word of English). I work in finance, though.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Reading these responses is a bit depressing, unless (1) people exaggerate or (2) only the well-off ones post.

These are couples posting. If you divide it by 2, not that impressive. I’m a single woman with $4.5m NW at age 47. Not US born, started saving and investing at age 27. HHI 350k and I don’t feel rich at all . I think for couples in their 40s $10m+ would be a decent NW but anything under is just average professionals with good financial acumen.

You my dear aren't knocking it outta the park either, plenty of folks in the 4-4.5 mil range. If you had taken your life's gears out of bitc* mode and found a decent husband then maybe your NW would have been "impressive". Something to think about.

Very few single men out there anywhere close to that (maybe only on dcum..). I don’t need a husband to improve my NW.

Anonymous wrote:Single person here, age 47:
1 million. It was reached making minimum wage since age 18. Second million should come much faster now that I know what to avoid and how to grow it.
My 18-year old is about to get his first paycheck. Straight to Roth it goes.

Many congratulations to you, I come from a privileged background but I have the utmost respect for people who came from nothing but can change their life story through sheer hard work and grit.

You are the kind of person society needs to applaud.

Anonymous wrote:I think these NW seem surprisingly high. We’re 10m but that’s with a lot of years w one in a finance job. Wouldn’t be close without that.

People with high NW are more likely to post.

Early 50s. NW is 5.5 million. We will also receive pensions starting in a couple of years.

Anonymous wrote:

Anonymous wrote:Reading these responses is a bit depressing, unless (1) people exaggerate or (2) only the well-off ones post.

These are couples posting. If you divide it by 2, not that impressive. I’m a single woman with $4.5m NW at age 47. Not US born, started saving and investing at age 27. HHI 350k and I don’t feel rich at all . I think for couples in their 40s $10m+ would be a decent NW but anything under is just average professionals with good financial acumen.

You my dear aren't knocking it outta the park either, plenty of folks in the 4-4.5 mil range. If you had taken your life's gears out of bitc* mode and found a decent husband then maybe your NW would have been "impressive". Something to think about.

We are both early 50's, NW 6 Mil, although I need to lose 30 lbs and improve my health. We make 750k/yr, started making this sort of money around 8 years back.

I think these NW seem surprisingly high. We’re 10m but that’s with a lot of years w one in a finance job. Wouldn’t be close without that.