Today my (36M) and spouse's (37F) Net Worth hit $1M for the first time. Almost 10 years ago, in January of 2015, I had $800 dollars to my name, ~$40K of school debt, a brand new Master's Degree, and an offer letter from my first "big-boy" job in my chosen field. 9.5 years later and although I definitely made a few financial missteps along the way, I've overall been very fortunate. I just wanted to share it here since there's no one I can tell in my real life besides my wife.
Profession: Engineering (Comp – Me $210K – Wife $40K)
Net Worth Breakdown:
• 401k: $260K
• Roth IRAs: $43K
• HSA: $13K
• Taxable Brokerage: $665K
• Cash: $82K
• Debt: $63K
• No real estate (yet)
• Net worth: $1M
This was a nice milestone in what has otherwise very much felt like the definition of the "boring middle". Wife and I went out for a nice sushi lunch to celebrate. 🙂
9.5 years from flat broke to $1M!
byu/ATT1LAtheHUNgry infinancialindependence
Posted by ATT1LAtheHUNgry
4 Comments
Time for that house (but only if you want). Congrats!
Congrats! The next million will be much quicker.
What kind of engineering and masters degree if you’d like to share?
Really nice job on the brokerage that’s an impressive savings rate. Make sure your work place does not offer an after tax 401k/mega back door Roth IRA too. That’s a great tax advantaged option if available.