Reached another milestone!

[young_dreamer]

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...

 

[Martha]

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.

 

[Sam]

Congratulations. That's quite an accomplisment.

I was in the same boat as Martha. First positive net worth at 33.

 

[CompoundInterestFan]

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.

 

[maddythebeagle]

congrats...I agree, makes life a lot easier to have a pile by age 35 working for you...

 

[Milton]

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.

 

[Andre1969]

Cool! I just hit the $400K milestone myself as of the market's close yesterday! Congratulations! See you at $500K!

 

[bow-tie]

Well done y_d