Yes a bit of a brag post. But I’m the kid of 2 immigrant parents who came to this country with just their 2 suitcases. The American Dream is still real. 38 years old, 600 HH TC currently. NW breakdown: - $1.5M in 401ks. - $2.2M in stocks - 95% are index funds / Wealthfront / Betterment and remaining 5% are individual stocks as “fun” investments - remainder cash - not counting primary residence
Immigrants have more than this...
Let’s not poop on OPs achievement.
Well good work on being a contrarion, but you just come off as a dick.
No RE?
Just my own home. I didn’t count my home equity into this. But we bought in 2011 in the Bay Area and so have a ton of equity in the house.
How did you get a home in 2011?? That must have been super young is it all your own income? Does your spouse work
When did you come to the US?
I was born in the US. My parents came when they were 30 and had me soon after.
Oh there you go. So you had a mentor. Good . I try to tell the young guys who come to US on H1 about start saving and 401k etc. but all they do is buy BMWs lol
No one has said it yet, and Im the most toxic person on this app but congrats. Im proud of you.
Congrats! This touches my heart.
Congrats!
Congrats Op! It will be helpful to provide breakdown of NW and possibly share a bit about your journey.
How did you get so much in 401k
2 people contributing max for our entire careers (17 years) + market appreciation + extra money through back door conversion
So you started backdoor conversion 17 years ago?
How did you achieve this? Please share tips
Frugality. Power of compound growth and very basic investing strategies. We’ve been investing in basic index funds since we started working.
Also note dual income.
What is your stock portfolio?
About $1.5M in 401ks. Around $2.2M in stocks - 95% are index funds / Wealthfront / Betterment and remaining 5% are individual stocks as “fun” investments
What's best way to get started Investing on index funds?