Just hit 1 million net worth today. TC 320, YOE 5, age 27.5 Trying to figure out what to do next, want to FIRE by 35 🤩
Your brain will turn to mush by age 37 if you retire at 35.
Congrats man. FIRE by 35 sounds like the dream.
How did you achieve that ... 320 with about 30% tax rate ... leaves about 224K ... so you were able to live on 24K a year??
I invest everything into the market, not holding more than 50k cash at any time. Rent is about 24k per year, which I pay. Wife pays most other expenses, food etc. which are <10k per year (nw and tc are my individual not including wife). We try to live frugally.
bless the orange man with great and unmatched wisdom for making a deal with China today and fuelling the stock market rally. I plan to liquidate a portion next week.
Daaaamn. Congrats!! Share some advice!!!
be frugal, save as much as you can, invest everything. It's quite straightforward actually.
Thanks. You said you have 50k in stocks, do you invest in ETFs? What platform do you use for investing? Robinhood?
Hmm so you invested in crypto? Otherwise even with 4 years 320 TC, 10% roi and 100% saving, you can't hit 1 million in 4 years
I have 5 YOE. Have some crypto but not much (<40k)
Sure, it's achievable if you saved everything and your started with 320TC. I have similar TC and experience and pretty much saved everything and made 150k in real estate, still a little shy of 1 million. Either way, congrats
Congrats.. I have been working for 8 yrs and only saved 800K :( Need to save aggressively more
With or without home equity?
How much AAPL stock u got? I got like 3000 MSFT shares... what to do
Congrats.. I am half your net worth but around your age. 😣😣
I am 27 too but barely have 6 figure savings :(
Yes 500k nw at 27 totally sucks
congrats
thank you!