2M Net worth

[Atretes1]

Well, I hit 2M Net worth. Just about 3.3 years from my 1m mark. I hit 1m on 2-2-2023. That was after working 30 years. I didnt really start saving for retirment untill 2002. For reference, because everyone’s life is different. Current base pay is 93k I also have the ability to work tremendous amounts of overtime. My average pay over my lifetime is 82k. I have 6 years left to work to collect my pension. I still work some OT but not as much as I use to. 800k of my net worth is retirent the rest is rentals and personal stuff. Total assets are 2.621.

[bjl584]

Congrats!

They say the first million takes forever compared to the second and beyond.
Looks like the third million will comes very quickly for you

[Fishindude77]

Congrats !

[myrdale]

Very nice!

If your total assets are $2.6M, and your net worth is $2.2M, I am assuming you have $400k in liabilities? Mortgage on primary residence or the rental homes? Do you foresee having that debt resolved by the time you retire? $400k in 6 years is ALOT!

[james.hendrickson]

Well, I hit 2M Net worth. Just about 3.3 years from my 1m mark. I hit 1m on 2-2-2023. That was after working 30 years of my life. For reference because everyone’s life is different. My current base pay is 93k I also have the ability to work tremendous amounts of overtime. My average pay over my lifetime is 82k. I have 6 years left to work to collect my pension. I still work some OT but not as much as I use to. 800k of my net worth is retirent the rest is rentals and personal stuff. Total assets are 2.621.

This is amazing work Atretes, great job. What an accomplishment.

[Atretes1]

Very nice! If your total assets are $2.6M, and your net worth is $2.2M, I am assuming you have $400k in liabilities? Mortgage on primary residence or the rental homes? Do you foresee having that debt resolved by the time you retire? $400k in 6 years is ALOT!

Net worth is 2m I have about 600k in rental debt. I may try and pay it off. It pays for itself for sure because I have so much equity. I also retire with a 6 figure pension.

[LivingAlmostLarge]

wow congrats! Wealth ladder says 23 years to first million and 18 more to get to $10m. Good luck!

[Atretes1]

wow congrats! Wealth ladder says 23 years to first million and 18 more to get to $10m. Good luck!

We will see. When I reitre I will be buying some toys and enjoying some time and money...lol

[LivingAlmostLarge]

We will see. When I reitre I will be buying some toys and enjoying some time and money...lol

or maybe enjoy more now to enjoy the journey

[Atretes1]

or maybe enjoy more now to enjoy the journey

Yeah, I've spent plenty of money on my CVO lol. I am trying to decide if Im going to max out all available savings and retirement spaces (457. IRA and HSA) for the next 5 years. I am 50 this year. Without overtime its about half of my base pay to max everything. I also take long motorcycle trips to finish my goal of seeing the lower 48. Ill be 55 when I retire.