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Author Topic: Net Worth Right at $400k  (Read 2926 times)

BearBoy0222

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Net Worth Right at $400k
« on: October 12, 2019, 06:37:32 AM »
Just hit the $400k Net Worth mark with all my accounts (including real estate) this past week at age 27.  I use the Personal Capital dashboard to track everything and it was nice to see that $400k figure with my own eyes.

Can't really share this with anyone else, so figured I'd post it here to motivate any and all younger mustacians!
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Brianmcg321

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Re: Net Worth Right at $400k
« Reply #1 on: October 12, 2019, 07:18:41 AM »
Way to go!

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Fishindude

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Re: Net Worth Right at $400k
« Reply #2 on: October 12, 2019, 07:20:42 AM »
Good job.  You are ahead of most folks your age by a long shot.
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Focus_on_the_fire

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Re: Net Worth Right at $400k
« Reply #3 on: October 12, 2019, 10:22:02 AM »
Amazing! Nice job!
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Much Fishing to Do

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Re: Net Worth Right at $400k
« Reply #4 on: October 14, 2019, 08:38:27 AM »
Wow.  Nowadays I'd say having a positive net worth, an emergency fund, a reasonably decent paying job and decent savings rate at 27 is a pretty good place to be, this extra $400k is crazy exceptional.
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foghorn

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Re: Net Worth Right at $400k
« Reply #5 on: October 14, 2019, 12:11:22 PM »
Congrats to you OP.  That is a terrific number - especially at your age.

Take a moment to be proud of yourself.  That baseline is setting you up so well for the future.
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Arbitrage

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Re: Net Worth Right at $400k
« Reply #6 on: October 14, 2019, 12:12:01 PM »
Congrats!  When I turned 27, I was 5 months from finishing graduate school with a net worth (once combined with my new wife's school debt) of -$70k. 
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stacheasaurus

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Re: Net Worth Right at $400k
« Reply #7 on: October 15, 2019, 07:01:40 AM »
Epic.  Also 27, around the 225k mark.  keep up the good work!
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35andFI

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Re: Net Worth Right at $400k
« Reply #8 on: October 15, 2019, 08:19:00 AM »
Congrats! Sounds like you're crushing it!

I'm 28 and around $140k myself.

What is/was your main source of income to get you to 400k?
When did you start?
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Cannot Wait!

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Re: Net Worth Right at $400k
« Reply #9 on: October 15, 2019, 10:18:03 AM »
At 27 my net worth was... my tan.
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BicycleB

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Re: Net Worth Right at $400k
« Reply #10 on: October 15, 2019, 10:01:23 PM »
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Lan Mandragoran

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Re: Net Worth Right at $400k
« Reply #11 on: October 16, 2019, 01:06:11 PM »
Yeah thats downright insane. Awesome job :).

Guessing you've just done everything really on point while maintaining a high savings rate from the very beginning? Thats only like what 5 years in the workforce? Or have you had some good real estate deals or something?

I'm at 165k at 29, and I think im a badass ;P, let alone 400k 27. Lets see, 2 years ago I was at like 50-60k.

Anyway nice ^_^!
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BearBoy0222

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Re: Net Worth Right at $400k
« Reply #12 on: October 20, 2019, 01:53:12 PM »
Thanks for all of the kind words everyone!

A little more details:
-I was fortunate enough to get a job right out of college which I got paid OT (put in 60-70+ hour weeks).  I was single at the time and was living fairly frugally.  Within about 8 months I was able to pay off my $32k+ in Student Loans and be debt free.
-Since then, I no longer have the same position that pays OT, but each year I max out my 401k, Roth IRA and HSA accounts while setting aside savings for my "emergency fund".
-I bought a townhhouse when I was 25 and put 20% down (to avoid PMI) and am currently in the process of re-financing the mortgage before I plan to rent this property out.

My goal is to have a single family house with my fiance & dog, and have 2 rental properties by my 30th birthday!  We will see if I can get there.

I want to see $500k Net Worth in the next years, but with the market the way it is...who knows
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