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Old 05-19-2017, 03:50 PM   #81
Recycles dryer sheets
Join Date: May 2017
Posts: 85
Originally Posted by kgtest View Post
I have a freelance webDev business, although my clients have always only been mom and pop shops who are starting out with little to no capital.

I've had great success watching these businesses grow, but little making actual monay lol.

Rhey never want to build out the website in the beginning with limited capital, and once they make it they just hire a large firm to build them something all new.

I was great at making business relationships, just never with businesses that could pay me much. Probably earned maybe $10,000 over the course of 7years doing webDev freelance.

What was your secret sauce to scale to $100k annually?

Man I wish I had the brains to do stuff like you !!
I do mutual funds , stocks and make maybe extra 10k on that. I also have real estate 3 properties probably make cash flow about $1900 a month on those since one is paid off.
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Old 05-19-2017, 08:40 PM   #82
Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Reno
Posts: 1,052
The question is whether this puts you on track for your spending/retirement goals. At around 40, we had about 350k networth; now 2.3 million networth, 17 years later. (We did better than I projected at 40, despite Enron and 2008/9)

Originally Posted by ndnguy822000 View Post
What is your net worth for persons in their 30-40? I am 35 and have about 155k in a 401k, 19k in a Roth, 420k in real estate and a few cars worth about 25k. Overall probably around 550k total net worth.
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Old 05-20-2017, 07:44 AM   #83
Dryer sheet aficionado
Join Date: May 2014
Posts: 25
Age 44
£1.2M in wealth which at current exchange rates is about $1.6M.
Will FIRE in the next few months.
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Old 05-20-2017, 08:24 AM   #84
Recycles dryer sheets
Join Date: May 2017
Posts: 85
Originally Posted by GenghisKhan View Post
Age 44

£1.2M in wealth which at current exchange rates is about $1.6M.

Will FIRE in the next few months.

Nice work , that's where I want to be around 40 and pull the plug on work
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