Author Topic: A third of a million!!!!!!  (Read 4977 times)

webguy

  • Bristles
  • ***
  • Posts: 288
A third of a million!!!!!!
« on: July 03, 2014, 07:22:15 AM »
This is a big milestone for me and I wanted to share it!.. My wife and I just hit a third of a million in net worth today!!! The goal is to get to a million so we're a third of the way there!! The next short term goal is to try to get to half a million before I hit 30 and we have our first kid (I'm 28). Here's the breakdown...

Investments: $203k
Cash: $32k
Home equity: $100k
Grand total: $335k

I'd never dreamed of having this much money, it's kind of crazy. I grew up in a large family where money was tight, which definitely contributed to my frugalness. Our net worth has increased by about $200k in the past year and half as I started my own web development business and it's been doing really well so far. I wanted to share this as encouragement to any budding entrepreneurs who are thinking about taking the plunge and starting their own gig. I was making about $68,500 at my day job but since quitting have been able to pull in about $200k (gross) in the past 12 months by being self-employed. Remember, the best investment you can make is in yourself and in your own business!

zinnie

  • Pencil Stache
  • ****
  • Posts: 676
  • Location: Boston
Re: A third of a million!!!!!!
« Reply #1 on: July 03, 2014, 08:20:56 AM »
Sweet! Good job.

randymarsh

  • Handlebar Stache
  • *****
  • Posts: 1374
  • Location: Denver
Re: A third of a million!!!!!!
« Reply #2 on: July 03, 2014, 08:27:32 AM »
Awesome!

Monij87

  • 5 O'Clock Shadow
  • *
  • Posts: 13
Re: A third of a million!!!!!!
« Reply #3 on: July 03, 2014, 08:36:24 AM »
cheers!


Sent from my iPhone using Tapatalk

hexdexorex

  • Stubble
  • **
  • Posts: 159
Re: A third of a million!!!!!!
« Reply #4 on: July 03, 2014, 10:34:28 AM »
Congrats on starting your own gig!

FIreDrill

  • Handlebar Stache
  • *****
  • Posts: 1061
Re: A third of a million!!!!!!
« Reply #5 on: July 03, 2014, 10:49:55 AM »
Congrats on the success of your business!

rmendpara

  • Pencil Stache
  • ****
  • Posts: 602
Re: A third of a million!!!!!!
« Reply #6 on: July 03, 2014, 10:56:48 AM »
That's awesome! You more than tripled your income (maybe closer to doubled considering you pay the employer + employee portion of taxes and benefits), but still, that's fantastic!

I also hit a big milestone recently when my Mom asked me how much I had saved up, and I told her I was hovering around $150k (month or two ago) in IRA/brokerage/401k/cash/etc. She asked me why I didn't consider the value of the condo that I rent out, and she was right! I didn't realize until about a month ago that I really have a NW of $250k!!!

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 6862
  • Age: 58
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: A third of a million!!!!!!
« Reply #7 on: July 03, 2014, 01:45:26 PM »
Congratulations.. and today you made some more on the markets..:)

Frank

Tempe

  • Stubble
  • **
  • Posts: 149
  • Age: 32
  • Location: Virginia
Re: A third of a million!!!!!!
« Reply #8 on: July 03, 2014, 01:46:50 PM »
Congrats! I'm looking forward to the day I hit that number :) Soon you will be hitting a million

livingthedream

  • 5 O'Clock Shadow
  • *
  • Posts: 70
    • Becoming Financially Independent
Re: A third of a million!!!!!!
« Reply #9 on: July 03, 2014, 01:50:08 PM »
Nice. The retirement account options for self employed are great deals for building the stache.

High FIdelity

  • 5 O'Clock Shadow
  • *
  • Posts: 30
Re: A third of a million!!!!!!
« Reply #10 on: July 04, 2014, 06:15:44 AM »
Webguy:  Would it be ok to share your bandwagon?  I myself, yesterday, just crossed over the 1/3 of the way mark between my retirement funds and other assets.  No thunder stealing here.  Just sharing the joy in your success since Im right there with you.   Hope to see you at the 'finish line' sooner than later :)

webguy

  • Bristles
  • ***
  • Posts: 288
Re: A third of a million!!!!!!
« Reply #11 on: July 05, 2014, 06:50:26 PM »
Thanks everyone! I wouldn't be able to save as much without the awesome inspiration on these forums! I don't post a whole lot but I read the forums every day and love reading about how other people are doing in their journeys so thought it would be fun to share a bit of mine.

Webguy:  Would it be ok to share your bandwagon?  I myself, yesterday, just crossed over the 1/3 of the way mark between my retirement funds and other assets.  No thunder stealing here.  Just sharing the joy in your success since Im right there with you.   Hope to see you at the 'finish line' sooner than later :)

Of course! The more the merrier! If anyone else recently hit 1/3M then feel free to jump on board too!

oldtoyota

  • Magnum Stache
  • ******
  • Posts: 3171
Re: A third of a million!!!!!!
« Reply #12 on: July 05, 2014, 10:04:55 PM »
Wonderful news!

Workinghard

  • Pencil Stache
  • ****
  • Posts: 636
Re: A third of a million!!!!!!
« Reply #13 on: July 06, 2014, 03:10:28 AM »
Sweet! You're on your way. It only gets better.

libertarian4321

  • Handlebar Stache
  • *****
  • Posts: 1387
Re: A third of a million!!!!!!
« Reply #14 on: July 06, 2014, 03:40:45 AM »
You are well on your way to financial independence.  Keep up the good work!

Calvawt

  • Bristles
  • ***
  • Posts: 337
  • Location: Central CA
Re: A third of a million!!!!!!
« Reply #15 on: July 06, 2014, 07:35:26 PM »
Congrats!!! I am 36 and you are beating me in the net worth department.  Getting married, having 2 kids, and taking on the wife's student loans and car payment have slowed me down the last two years, but I wouldn't trade my little boys for anything.

Thedudeabides

  • Stubble
  • **
  • Posts: 242
Re: A third of a million!!!!!!
« Reply #16 on: July 06, 2014, 07:39:13 PM »
Awesome. Congrats!