Folks, how many years did it take for you go from 0 to 200k in net worth?

Amazon / Eng BFI4
Nov 30, 2019 29 Comments

Count everything in, including:
- Pre-tax retirement accounts, company sponsored or not
- Company stocks that have been vested. State if can't be traded on the public market yet.
- Any investment or saving accounts. Cash, bonds, equity, who knows.
- Equity in real estate (i.e. property value - mortgage balance)

Feel free to share how you got there (or about to get there) in the comments (TC and net worth progression over time, location, career changes, how's your lifestyle and expenses over time, other significant financial events, etc.)

I can start:
3 YoE. Started from 0 and projecting to hit 200k net worth at early year 4, i.e. a low (3, 4]

Location: Toronto, ON πŸ‡¨πŸ‡¦

Gross TC: πŸ‡¨πŸ‡¦$95k -> 120k -> 180k
- base + equity vesting that year + any cash bonuses + employer contributions to your pre-tax account

Net TC: 69k -> 84k -> 116k
- This is gross TC minus all deductions that are mandatory. Deductions due to voluntary contributions to pre-tax accounts don't count.

Net worth: 0 -> 35k -> 110k -> 170k

Living situation: Single. Own a modest apartment on a mortgage. No car. One modest vacation per year. Eat out often. Otherwise a pretty simple but comfortable lifestyle.

I ask mostly because I live in a crazy expensive city in Canada that is not a major tech-hub (hence lower wage). I'm okay with my progress so far, but still wonder how much better I would do if I move down south of the border, especially to a tech hub like the Bay Area / Seattle. I'm less concerned about the currency conversation rate than just the raw numbers.

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TOP 29 Comments
  • Airbnb liFu43
    I'm at about 500k after 4 years, but it started accelerating a lot after I started really consciously saving
    Also, most of my equity being Microsoft stock (+ the trajectory there) helps a lot
    Nov 30, 2019 7
    • Amazon / Eng BFI4
      OP
      Hopefully haha. Trying to do my best with our shitty πŸ‡¨πŸ‡¦ wages...πŸ˜‚
      Nov 30, 2019
    • Airbnb liFu43
      πŸ˜‚ yeah, I know what you mean
      I'm from Alberta, I got the heck outta there
      Nov 30, 2019
    • Amazon / Eng BFI4
      OP
      Good choice, given how the oil industry is looking πŸ˜‚
      Nov 30, 2019
    • State Farm sweeeeee
      Airbnb, did you stay in Canada?
      Nov 30, 2019
    • Airbnb liFu43
      Nah, in the US now
      In that Microsoft area
      Nov 30, 2019
  • Amazon antieugen
    I have about $100k net worth but I don’t think I’ll hit 200k anytime soon. Maybe 10-never years at min.
    Nov 30, 2019 8
    • Amazon antieugen
      5.5 years ago when I started undergrad. Just got to 100k a few months ago.
      Nov 30, 2019
    • Amazon / Eng BFI4
      OP
      That's still a big achievement. The first 100k is always the hardest. Keep up with the good work buddy!
      Nov 30, 2019
    • Amazon antieugen
      Most of my friends hit $100k in undergrad with their internships or crypto. Feel super behind honestly
      Nov 30, 2019
    • Amazon / Eng BFI4
      OP
      We naturally always look at those who are ahead of us, never behind πŸ˜‚
      Nov 30, 2019
    • Dropbox / Eng brumdb
      I'm blessed that my friends mostly alcoholics from third-world country. Felt super-good hitting 100k by 31.
      Nov 30, 2019
  • Amazon zzbbzz
    Get outta πŸ‡¨πŸ‡¦ -problem solved. Seriously get the hell out of Toronto -You’ll double your salary.
    Current πŸ‡¨πŸ‡¦ TC : 120k USD New πŸ‡ΊπŸ‡Έ TC:210 TC
    With better 401k(compared to RRSP),free food and better weather
    Nov 30, 2019 5
    • Amazon / Eng ONT8
      Are you in the process of an internal transfer within Amzn?
      Nov 30, 2019
    • Amazon zzbbzz
      No just got a job elsewhere
      Nov 30, 2019
    • Amazon / Eng ONT8
      Are great. Congrats! Wondering how 401k and rrsp differ?
      Nov 30, 2019
    • Amazon zzbbzz
      Both are retirement accounts to reduce tax burden.The main difference is in the match percentage .Canadian companies hardly offer any match on contributions . Most American employers offer much much better matching plans.
      This is tech-so you can imagine how shitty the RRSP match must be in traditional engineering companies -say civil,oil and gas etc
      Nov 30, 2019
    • Amazon / Eng ONT8
      I heard Mozilla Toronto puts 7% of your TC into your RRSP (given you also put aside 7%). Just an exception though.

      Amazon is at 3% globally afaik.
      Nov 30, 2019
  • New XNBj31
    Hit 200k+ early on with a company sale (midway through undergrad). Mid seven figures now 10 years later after 2 more company/project sales and a career change. TC and networth look like a hockey stick.
    Nov 30, 2019 3
    • Amazon / Eng BFI4
      OP
      Good for you! You're in another league πŸ€‘
      Nov 30, 2019
    • Google needhelp
      Yo I'm super interested, mind if I dm you?
      Nov 30, 2019
    • New XNBj31
      Sure go ahead
      Dec 1, 2019
  • Facebook public2
    A few months. Luck.
    Nov 30, 2019 0
  • E*Trade / Finance cbEV72
    20 years
    Nov 30, 2019 0

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