What's your networth? And how you get there? TC: 180k
How do you get there? Saving as much as you can
I have done the needful to get where I am
“<200k”.... how? Hookers and blow. TC or GTFO
Or simply young.
This is the 3rd one of these today. Market must be going back higher again...
What? How? The US economy is dying if you read the news.
The market is not the economy
We saved everything extra plus 20+% of our income and lived entirely on the remaining cash flow no matter what it was. Lean years, fat years, all the same. No Teslas, no BMWs, no Mercedes. No asshole toys to impress other assholes.
What about other kinds of sex toys? Can't imagine a life without my trusty butt plug.
So now you going to die rich? Congrats on being richest guy in the cemetery.
Home appreciation mostly, but sizable savings (SEP/ 401k)
The right way to ask this question is $$ / YOE
1m to 4m seems too wide of a bucket.
Age 42, $350k or so, including an apartment worth about $140k. Saved nearly half of my pay for 20 years, putting basically all of it in low-interest bank accounts (as an American abroad, investment in the stock market is not easy). Bought my apartment in 2008 with my entire savings and started saving all over again. TC 32k to start, about 46k now.
How much TC is passive? That's impressive at 46k.
Passive? I earn maybe $200 per year in interest and dividends. But if you count the "free rent" that I get from owning my residence, it feels like I have a passive "income" of almost $1000 per month; all I have to pay is maintenance and property tax, which are cheap compared to my hometown New York.
Useless w/o age.