Author Topic: Hit 6 figure net worth!  (Read 7814 times)

big_slacker

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Hit 6 figure net worth!
« on: May 30, 2015, 07:51:43 AM »
I know this isn't that huge of a deal for a lot of folks here, but I started from less than zero 4 years ago and am now at 6 figures! I know I dogged myself a bit in my intro post due to some bad spending years (actually a catalyst for getting back to being frugal and shooting for FIRE) but I did have some good things going my way. Good salary + immediately maxing to employer match on 401k. Got a retention bonus for work after my 1st year and immediately paid off our car. Paying off all remaining CC debt. Auto deposit to savings every month.

All of that led me to here. And now I intend to blow these numbers out of the water this year! :)

Lordy

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Re: Hit 6 figure net worth!
« Reply #1 on: May 30, 2015, 08:57:07 AM »
Great job!

It's an amazing feeling to not have to rely on the next paycheck to come on time. Knowing that you can walk away from your job or pursue an opportunity any day is real freedom in my book.

FrugalFairy

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Re: Hit 6 figure net worth!
« Reply #2 on: May 30, 2015, 08:59:57 AM »
I am amazed!  I am where you were four years ago and it would be a huge accomplishment for me to get to your milestone.  You already have a big safety net in case anything was to happen which is invaluable.  Awesome job, thanks for sharing!!

ender

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Re: Hit 6 figure net worth!
« Reply #3 on: May 30, 2015, 11:44:08 AM »
Congrats. It's a fun feeling that's for sure :D

I think six figures is so psychologically meaningful because it seems like a HUGE number most of the time. It is such a motivating "wait I think I can actually do this thing!" perspective too :)


link_417

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Re: Hit 6 figure net worth!
« Reply #4 on: May 30, 2015, 12:28:32 PM »
Congratulations!!

oinkette

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Re: Hit 6 figure net worth!
« Reply #5 on: May 30, 2015, 12:38:35 PM »
Congratulations!  I just got there this year as well. I can especially relate as I too started (well) below zero. Once you hit zero, it gets much easier!

Paul der Krake

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Re: Hit 6 figure net worth!
« Reply #6 on: May 30, 2015, 02:32:20 PM »
Nice work. Barring disaster, you'll be FI in no time.

Reaching 6 figures, for me, brought a huge sense of inevitability. The math hasn't changed, but the whole thing is now past the experiment stage. It's like a proof of concept in engineering: this shows it can be done, and it will if you sit back and keep doing what you're doing.


Davids

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Re: Hit 6 figure net worth!
« Reply #7 on: May 30, 2015, 06:16:54 PM »
Congratulations, keep it up!

forummm

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Re: Hit 6 figure net worth!
« Reply #8 on: May 30, 2015, 06:44:08 PM »
No, that's a huge deal! The first 100k is the hardest! :)

SpareChange

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Re: Hit 6 figure net worth!
« Reply #9 on: May 31, 2015, 10:16:25 AM »
Awesome job!!

Lindy

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Re: Hit 6 figure net worth!
« Reply #10 on: June 01, 2015, 03:57:05 PM »
Congratulations!  I'm at a little over $50 thousand and I was thrilled when I reached that.  It took a couple years to hit that mark, and I'm thinking another couple of years until I hit $100K. 

Cougar

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Re: Hit 6 figure net worth!
« Reply #11 on: June 01, 2015, 05:19:45 PM »


good job.


next think you should notice is your dividend contributions will be getting bigger. doesn't seem like a big deal; but if a dividend kicks in and its just $100; that helps cut down your fire date. imo, dividends piling up are the reason people usually hit fire a few months early or a year early.

BBub

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Re: Hit 6 figure net worth!
« Reply #12 on: June 02, 2015, 04:35:30 PM »
Nice work! That's an awesome milestone.  I bet you will blow it out of the water as you predict.  Now that the debt is abolished, savings are optimized & compound interest is on your side the next $100k will likely come much sooner.  Congrats.

nyxst

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Re: Hit 6 figure net worth!
« Reply #13 on: June 03, 2015, 07:18:50 AM »
You made me wonder, so I had to do the math and add up my net worth... counting the equity in my house and my savings, I am at $175,000!!! I wish more of that was in savings, but I'm working on it :) Congrats and thanks for encouraging me to look at my own :) now I'm proud!

JupiterJones

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Re: Hit 6 figure net worth!
« Reply #14 on: June 03, 2015, 02:34:30 PM »
Great job! Congrats!

wortdog

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Re: Hit 6 figure net worth!
« Reply #15 on: June 03, 2015, 03:48:27 PM »
Great job! I just looked mine up as well, I went from $-27.84 in April 2011 to $187k this month.  I had forgotten that I had a negative net worth only a little over four years ago.

fb132

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Re: Hit 6 figure net worth!
« Reply #16 on: June 03, 2015, 04:24:53 PM »
Good job, hitting 100K$ is tough, especially if you make low income. I have still 30K$ to go, but your post inspires to save more and faster :)

Bearded Man

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Re: Hit 6 figure net worth!
« Reply #17 on: June 03, 2015, 04:37:15 PM »
Congrats man! Just watch that 100K and your savings snowball from here on out. You will be amazed.

Pooperman

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Re: Hit 6 figure net worth!
« Reply #18 on: June 04, 2015, 05:41:05 AM »
Congrats! I should be joining you in the next 1.5-2 years!  Currently at about $35k right now and on track to hit $50k this year. I have a higher salary than you did while you saved ($30klast year, at a $60k rate, $75k this year). Been on the saving path for just about a year. Zero to $35k in 10 months.

xzonnia

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Re: Hit 6 figure net worth!
« Reply #19 on: June 06, 2015, 09:58:57 PM »
Congrats to you! I made a goal at the end of 2014 to get to $100K by July, and I hit it in May as well! It's an awesome step.