The Money Mustache Community
General Discussion => Share Your Badassity => Topic started by: webguy on July 03, 2014, 07:22:15 AM
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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!
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Sweet! Good job.
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Awesome!
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cheers!
Sent from my iPhone using Tapatalk
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Congrats on starting your own gig!
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Congrats on the success of your business!
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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!!!
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Congratulations.. and today you made some more on the markets..:)
Frank
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Congrats! I'm looking forward to the day I hit that number :) Soon you will be hitting a million
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Nice. The retirement account options for self employed are great deals for building the stache.
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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 :)
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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!
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Wonderful news!
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Sweet! You're on your way. It only gets better.
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You are well on your way to financial independence. Keep up the good work!
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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.
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Awesome. Congrats!