Long-time lurker on this sub, but never posted before. Have always dreamed of making a 1st post once we made it to $1M. I think we are somewhat of a unique case study on this sub as we have a big family (5 kids ages 2-12) with a single income – you don't read about big families here that often. We live in a MCOL area of the mid-west. Breakdown of assets is as follows:

    -401k – $464k

    -Roth IRAs – $97k

    -Brokerage account – $18k

    -Cash: $15k

    -College savings: $64k

    -Home: worth $530k with $195k left on the mortgage

    -Vehicles: $53k

    -Other assets: $5k

    -Other liabilities: $43k

    -Also have ~$200k of unvested RSUs that are not included in my NW number (will vest over the next 3 years)

    I (35M) work as an accounting controller for F500 company making ~$300k plus RSU grants of $60k annually. My wife is a SAHM, which is where the real hard work takes place. Her work in the home has been crucial to our financial journey, enabling us to not have to pay for childcare while giving the kids a better life experience. And let’s be honest, SAHMs work harder than those of us with jobs outside the home anyways.

    Our FIRE goal is for me to retire before age 45 with ~$3M in retirement assets.

    We started tracking our net worth about 10 years ago, back when it was essentially $0 and we only had 1 kid. Things moved along slowly, but have really accelerated over the last two years since I reached the executive level at my company. We went from ~$500k in October 2023 when I took the job to $1M in just under two years, obviously helped tremendously along by the bull market too. I am burnt out from the job and want to retire ASAP.

    Anyways, I didn’t want to make this post too long or in depth so I’ll stop there. Happy to answer questions about our journey to this point in the comments! Looking forward to hitting $2M in about 2 years if things go well!

    Reached $1M Net Worth! (35M and 35F with 5 kids)
    byu/ProcedureThen infinancialindependence



    Posted by ProcedureThen

    3 Comments

    1. Congratulations! It only goes faster from here. I was at NW $1M at 35 too and now at $2.5M only five years later.

    2. thecourtsideanalyst on

      Congrats on the executive level gig. That’ll help you accelerate retirement for sure.

      I’ve got a similar makeup of assets that should grow and get me to $1M by mid to late 30s.

      Only at 2 kids though – super impressive to accomplish that by 35 with 5 kids!

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