Author Topic: Passed 100k!  (Read 2981 times)

El Gringo

  • Bristles
  • ***
  • Posts: 314
  • Location: Washington, DC
Passed 100k!
« on: December 09, 2016, 08:14:39 AM »
Yesterday I passed 100k net worth! I started out 6.5 years ago in my first job with what I estimate was probably around -$20,000 of net worth, given my college loans. I started out on a salary of $32,000/year working at a non-profit. Only this past summer did my salary go over 50k (currently making $53,000) - all while living in HCOL Washington, DC. Getting to $100k has been a long but consistent path. I'm excited to finally achieve this milestone and looking forward to my money growing faster!
« Last Edit: December 09, 2016, 08:16:24 AM by El Gringo »

chaseboy2010

  • Guest
Re: Passed 100k!
« Reply #1 on: December 09, 2016, 08:25:22 AM »
Nice work! Looks like your net worth grew a little bit each month which must have been encouraging.

What assets are your $100k in?

El Gringo

  • Bristles
  • ***
  • Posts: 314
  • Location: Washington, DC
Re: Passed 100k!
« Reply #2 on: December 09, 2016, 08:31:44 AM »
I currently have ~$77,000 in retirement funds, $1,400 in a brokerage account, and ~$29,000 in savings (recently started a part-time MBA, so holding a large amount in savings for tuition payments). And I have currently have $2,700 of debt on my undergrad loan.

chaseboy2010

  • Guest
Re: Passed 100k!
« Reply #3 on: December 09, 2016, 11:03:20 AM »
That's awesome. Looks like you're close to hitting another milestone by paying off the last of your student loans.

Guesl982374

  • Bristles
  • ***
  • Posts: 498
Re: Passed 100k!
« Reply #4 on: December 12, 2016, 12:15:01 PM »
Keep up the great work! The first $1, $100K, $1M, etc. is always the hardest. You are approaching the point where investment returns will push your NW forward on top of your personal savings/efforts.

Keep it up.

VladTheImpaler

  • Stubble
  • **
  • Posts: 213
Re: Passed 100k!
« Reply #5 on: December 12, 2016, 12:18:13 PM »
Congrats!
Thank you for the inspiration and the reminder that it's a marathon, not a race.
Wish you all the best.

jda85

  • 5 O'Clock Shadow
  • *
  • Posts: 45
Re: Passed 100k!
« Reply #6 on: December 20, 2016, 07:42:03 PM »
Awesome! Keep up the good work! 100k is a great feeling.

minority_finance_mo

  • Pencil Stache
  • ****
  • Posts: 784
    • Minority Finance
Re: Passed 100k!
« Reply #7 on: December 20, 2016, 08:02:48 PM »
Congrats! Big milestone for ya - hoping to get there before the end of the year (which blows my mind haha)