Congratulations! I know it feels good to accomplish something that most cannot understand. I reached $100 K when I was 39 married with two kids. Single income family. Now 9 years later I am a little further ahead. I think it’s important to track net worth year to year to see how you are doing. I count all assets. Home equity, cars, cash, stocks, bonds, cash value of pension. Probably not the furniture, clothes and toothpicks.
I will share my net worth records with the board. I estimate that I will cross the 1 Million mark in about 3 years. I don’t separate out the investments for retirement from the house equity or anything else. Just one simple number to see how I am doing. Before long one year of growth will exceed the value of my house anyway. Try to avoid negative impacts to your net worth. Divorce would top the list. Kids will put a dent in it. Job loss which is always a threat. (Keep a reserve fund.). Addictions to shiny things.
Net Worth
Dec-94 $ 50,000
Dec-95 $ 81,000
Dec-96 $ 108,000
Dec-97 $ 136,000
Dec-98 $ 189,000
Dec-99 $ 246,000
Dec-00 $ 263,000
Dec-01 $ 268,000
Dec-02 $ 268,000
Dec-03 $ 338,000
Dec-04 $ 430,000
Dec-05 $ 495,000