Age 34 $1m, by age 41 $2+ m. DH has small business that had a tough decade, now seems to be seeing "black" though modest. So my income has driven this along with real estate equity. (No family money - actually help out family financially). We have kids in mid-tier privates for religious as well academic reasons. But other areas where we are frugal. I drive a 12 year old car, few new clothes for adults and never fancy, no technology/furnishing purchases, no fancy vacations. Agree with pp - Most people I know who accumulate wealth through working good jobs (but not big law, etc), live below means.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I feel really horrible about myself today so I'll be that "asshole."

28. Married for money, learned to love him over time. When I think back to it I really do feel like a glorified prostitute (albeit monogamous).

Please tell me he has at least $100 million.

We're very comfortable. At the time, marrying a wealthy husband was the best "insurance policy" available to me. It was a cold, calculated decision based mostly on material comfort. Sure, we got along well but I certainly didn't reciprocate his love. I do love him now, however, and consider myself to be very fortunate.

I'm happy for you, PP. Don't beat yourself up - people marry for better reasons and are never happy in their marriage.

Anonymous wrote:

Anonymous wrote:I feel really horrible about myself today so I'll be that "asshole."

28. Married for money, learned to love him over time. When I think back to it I really do feel like a glorified prostitute (albeit monogamous).

Please tell me he has at least $100 million.

We're very comfortable. At the time, marrying a wealthy husband was the best "insurance policy" available to me. It was a cold, calculated decision based mostly on material comfort. Sure, we got along well but I certainly didn't reciprocate his love. I do love him now, however, and consider myself to be very fortunate.

Anonymous wrote:I feel really horrible about myself today so I'll be that "asshole."

28. Married for money, learned to love him over time. When I think back to it I really do feel like a glorified prostitute (albeit monogamous).

Please tell me he has at least $100 million.

1st million net worth: 2013.

me: age 36, spouse : age 37.

twins boys 4.5 years old. I resigned my position 4 years ago and stayed home fulltime with kids for 4 years until last fall, when I started working again. My kids attended prek for half days 3x/week last year. This year they are in full day 5days/wk.

Husband; Fortune 100 manager, me: medical sales. I was fortunate to be able to stay home when my kids were so young. I took a risk and resigned, this was in 2008 and after the markets crashed too. But it was important to both my husband and I. I kept up my connections and actually returned to different company in a better position with more pay last fall - so yes I am an example that sequencing can work, but we did accept the career risk and sacraficed some income for several years, but that was offset by the time I spent with my kids while they were so young that I would never have the chance to do again. For us it was worth it. My husband says that he was actually proud knowing he was providing for our family during this time. He has been at his company for 14 years and was as secure in his job as you could be during those economic times, for that we were very fortunate.

no family money. My family lives overseas, husband's family in midwest. My husband attended public schools in midwest growing up and and private school for his undergrad. I attending international schools overseas growing up (i am from Europe) and was fortunate that my family did pay for my private undergrad in the states (so yes, because of this I didn't have any student loans to pay off.) but no trust funds, etc. . . we are just your typical hard working, down to earth couple.

We live below our means. balance things as best we can, and are gernerally content. We are maxing our 401ks and 529's for kids and our taxable funds too. We may reach 2 million net worth within 4 years if we are able to acheive 6% annual return on investments. (My husband thinks this is unlikely from current equity market levels) If 0% return it will take 6 more years or around 42 for me and 43 for husband. At that time my husband wants to return to the midwest, he really isn't in to the whole DC thing. I love it here though, so we'll cross that bridge when we get there.

Never. How's that for an answer OP. Never. N E V E R.

I feel really horrible about myself today so I'll be that "asshole."

28. Married for money, learned to love him over time. When I think back to it I really do feel like a glorified prostitute (albeit monogamous).

Anonymous wrote:We hit it right before the recession. We saw it on mint -- home equity plus retirement accounts = over $1M net worth. Then it slipped away with the recession. Just got it back about a year ago and now we are at $1.075M.

I'd say that describes us as well. We benefited from the run up in home prices which declined somewhat in the recession (back to an actual sane price) but are back up in my neighborhood. 401k is also back to where it was pre-recession.

We made it a while ago. Ahem. If it hadn't been for favorable tax rates and carried interest treatment, it would have taken a while longer. Thank you, President Bush!!

Anonymous wrote:9:34. You are right. We hit 1M last year, late. At the beginning of this year, we were at 1.25M. Once you've got it, it grows fast.

Yes that's right.
Are you seeing it grow fast in the bank or are you invested in stocks?
I have more than $100K sitting in the bank right now and I need to do something with it. Now is not a good time for mutual funds probably, I have to do some in depth stock research so I can chose some good stocks but I haven't yet.

9:34. You are right. We hit 1M last year, late. At the beginning of this year, we were at 1.25M. Once you've got it, it grows fast.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Around age 44 for first million and now around $2.5M at age 49. DH is big law partner.

about $500K in home equity
$700K in 401k & IRAs
$100K in 529s
$1.4M in more liquid accounts - checking, savings, CDs, mutual funds, bonds (getting ready to buy new house)

How did you double that in 5 years? And, what is your HHI now (if you don't mind sharing)? We're at 44 with first million.

Became an equity partner in 2008 and he's been making more each year. 2010 was about $500k, 2011 was about $900k and last year was $1.2M.

Thanks for the reply. More than doubling your salary in 2 years will do it, well done! I am starting to understand, more clearly than ever, that the more money one has the more it grows.

Anonymous wrote:

Anonymous wrote:Around age 44 for first million and now around $2.5M at age 49. DH is big law partner.

about $500K in home equity
$700K in 401k & IRAs
$100K in 529s
$1.4M in more liquid accounts - checking, savings, CDs, mutual funds, bonds (getting ready to buy new house)

How did you double that in 5 years? And, what is your HHI now (if you don't mind sharing)? We're at 44 with first million.

Became an equity partner in 2008 and he's been making more each year. 2010 was about $500k, 2011 was about $900k and last year was $1.2M.

32, inheritance. Without that it would have been 20 yrs.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Around age 44 for first million and now around $2.5M at age 49. DH is big law partner.

about $500K in home equity
$700K in 401k & IRAs
$100K in 529s
$1.4M in more liquid accounts - checking, savings, CDs, mutual funds, bonds (getting ready to buy new house)

How did you double that in 5 years? And, what is your HHI now (if you don't mind sharing)? We're at 44 with first million.

She said "DH is a big law partner". That means at least $600k probably more like $1m a year. We have $1m at 39/40 and there is no way we could double it in five years on our current income.

Understand, but if he was a big law partner making that money for years, then they probably would have likely hit $1m sooner. That's why I asked. (And, not all big law partners make $600K. Legal Times shows salaries starting about $400K, though higher for equity.)