How old were you when your individual NW hit $1M? And then how long to hit $2M?
I was 26, which was 3 years ago when I was making around 250K/yr. Selfmade-ish..my parents paid for my college tuition which helped a ton so I'm not going to pretend I did it all alone. Since then my NW has only grown to $1.25M due to investments across the board tanking. Curious how long it took others to hit $2M from $1M given the saying "first million is the hardest" If you're married, your individual NW number should be whatever you would keep if you were to hypothetically get a divorce. TC 300K
30 -600k
did you hit $2M and how long did it take you
😂 -600K dude. Hit 1M and bought a house
Nitpick: Having your college tuition paid for is not even close to self-made then. Actually, I kind of dislike the usage of that phrase in general. Unless you were an orphan who grew up alone in the wilderness, no one is self-made and the phrase only serves to humble-brag. That said, I was 29 when I hit 1 mil.
Self-made here brother. Don't be so cranky and let people celebrate their successes
For the record, I'm not against people celebrating themselves. But bragging about being self-made ignores the people that did play a part in your life.
Having your college paid for is literally the opposite of self made
Took me a while to get to first 1m. 35 to 1m. 38 to 2m. 40 to 5m. 90% in tbills/cash. No debt. Self made (worked 3 simultaneous jobs in college and still came out with student loan balance). Worked 90+ hour weeks first 10 years in my career. It has been truly risk vs reward and stacks of humbling experiences one after another. I made some smart & prestigious decisions that led to not much money and some irrationally imprudent decisions that turned out to be great money makers. Looking back, there were at least 3 real life chances that I didn’t take because I was being too rational & shortsighted that would have led me to $50m+ plus NW status today. One chance actually would have a been B status. Such is life!
You should start educating people how to grow wealth so fast
Layered bets on investment & career. Never be just a wage earning employee only. Don’t be too greedy in the markets. Don’t be a lemming (almost everyone is). Really understand opportunity cost of time.
Not yet
How tf do you get 1M NW at 26 with $250k TC??
Parents gift you 1M house 🤣
Yeah, cumulatively earned probably ~600k post-tax by 26. I saved a lot, didn't spend much, and invested heavily. most of my investments grew well in the bull market.
Hit 1M at 27, although not through tech. 2M was shortly after.
How did you do it? Stock trading?
I wrote a novel. Turned out to be a very profitable hobby.
Honest question, wasn’t your gross cumulative earnings less than $1M when you were 26?
I assume there were gains involved in OP’s 1M.
Hot take
NW has been doubling approximately every 2 years
From $1M? how long ago was this
In the bull market right