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Reached another milestone!
Old 07-03-2007, 01:21 PM   #1
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Reached another milestone!

This is my first post, but I gotta share the news since I'm so excited at reaching my milestone of $400,000 net worth.
For some strange reason, it's taken a longer time than I would have thought to get the last 100K...

Anyways, with a final goal of $2 million by 55, I've still got a long ways to go. But I'm still only 32 so I should have some time yet to let compounding to it's thing.
Wife's not going back to work though with one 2 yr old boy and another on the way...
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Old 07-03-2007, 05:14 PM   #2
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Congratulations! Both on meeting the net worth milestone and the soon to be new baby.


We were still in the negative for net worth at 32.
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Old 07-03-2007, 05:18 PM   #3
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Congratulations. That's quite an accomplisment.

I was in the same boat as Martha. First positive net worth at 33.
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Old 07-03-2007, 06:44 PM   #4
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Congrats, that's a great milestone. Even if you stopped contributing at this point, barring some major catastrophe you should be able to hit the $2 mil mark by 55 without too much trouble.
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Old 07-03-2007, 11:23 PM   #5
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congrats...I agree, makes life a lot easier to have a pile by age 35 working for you...
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Old 07-04-2007, 05:16 PM   #6
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Quote:
Originally Posted by CompoundInterestFan View Post
Even if you stopped contributing at this point, barring some major catastrophe you should be able to hit the $2 mil mark by 55 without too much trouble.
Assuming that he can achieve average annual investment returns (net of inflation) of, say, 6% p.a., I believe you're right.
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Old 07-04-2007, 08:57 PM   #7
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Cool! I just hit the $400K milestone myself as of the market's close yesterday! Congratulations! See you at $500K!
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Old 07-09-2007, 10:22 AM   #8
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Well done y_d
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