$750,000

[daystar]

So, it's been about 2.5 years since I've posted on here. I closed out 2013 with a net worth of about $750,000 at age 34. My previous milestones were $500,000 in November 2011, and $250,000 in December 2006.

Now, before anyone asks how I got to $750,000 so quickly, I should mention that my grandma had given me stock when I was a child that amounted to about $100,000 in 2003, when the stock market was just starting to recover from the Dot Com Bust. I also received cash gifts of about $140,000 over the last decade from my parents, which for the most part I never spent.

I would say that I saved around $400,000 since I started working for the federal government in 2003 and the other $350,000 came from the assets I receive from my parents and grandma.

I just thought I would celebrate with you all my recent success and hope in the next 5 years, I can get to that big MILLION dollar mark.

 

[Ready]

That is a great milestone - congratulations on the achievement. It must be a good number, since it's the default number on the Firecalc home page!

 

[jon-nyc]

Congrats!

 

[growing_older]

Congratulations on your accumulations and your very responsible handling of generous gifts. Thank your grandma and your parents, often. They've given you a great headstart and you've done well with it.

Also, you are at or near a critical mass point where your investment portfolio will have a lot of power to grow itself. Keep up the good work and enjoy the ride.

 

[daylatedollarshort]

Good job!

 

[powerplay]

Great job and congratulations!

 

[SVHoper]

Congratulations!

Sounds like you are a wonderful caretaker of your $$$ gifts and a great saver in your own right.

 

[Willers]

The amazing thing to me is that you had $100K at age 22/23 and resisted spending it. I'm not sure I would have been so responsible. Well done!

 

[Donzo]

Nice!
It will grow faster - your money will be working with you! Assuming the market does well.....1,000,000. Will be around the corner

 

[Walt34]

The amazing thing to me is that you had $100K at age 22/23 and resisted spending it. I'm not sure I would have been so responsible. Well done!

+1!

 

[panacea]

Very impressive- congrats!

 

[Major Tom]

The amazing thing to me is that you had $100K at age 22/23 and resisted spending it. I'm not sure I would have been so responsible. Well done!

Yes, +1 to that here too.

At the age of 50, I'm about $10,000 away from the 750K mark, so you are way ahead of me. Good job. You're well on your way!

 

[readytofire]

Congrats. I have heard/read that the first mil is the hardest one and it just gets easier from then on. I have no doubt you will be hitting your goals soon.

 

[retire2020]

Well done! Congrats. I agree with Williers - remarkable that you invested your inheritance at age 22.

 

[iam21177]

Congrats there quarter millionaire!

We are at $700k, so soon we'll be quarter millionaires this year! Ages 35/37 here.

 

[RISP]

Congrats there quarter millionaire!

We are at $700k, so soon we'll be quarter millionaires this year! Ages 35/37 here.

*Three*-quarter millionaire.

 

[iam21177]

*Three*-quarter millionaire.

D'oh! My mind was thinking it, but the fingers did not type it correctly.

 

[Midpack]

Congrats, well done!

You're probably already a member of "the 1%" if not the 0.1% or 0.01% (for 30-somethings).

 

[truenorth418]

Congratulations! This is a significant milestone, you should be very proud of yourself.