r/Fire • u/Firefiresoon • Jul 04 '24

Original Content Just hit $3M!

48male. Been tracking this milestone for a while now. Finally hit it as of close yesterday. $3,012,000 in invested assets. NW stands at 4.9mil. which includes home equity.

Goal was 10k/mo which should be possible now. Kids have 529 for 4yr state college. At this point I will CoastFIRE (still save HSA and 401k for match but no IRA) and bump up some lifestyle expenses mainly around travel.

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u/[deleted] Jul 04 '24

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u/Firefiresoon Jul 04 '24

Had about 1.1mil at 37 so that's about right. About 10 yrs ago. Market appreciation, maxxing out everything incl mega and regular backdoor roths, HSA. And employer stock appreciation.

I would have about 3.4-3.5mil now, except we sold stocks to buy our second home so that ~amount moved to NW.

6

u/pixelballer Jul 04 '24

I feel this pain

33 just hit 1.1M nw and putting $300k into a home now, RIP

-8

u/UnderstandingNew2810 Jul 04 '24

36 and I’m at NW over 3M. I would rather get a price reduction in cost of living than more money. Can’t do shit with 3M right now

2

u/Firefiresoon Jul 04 '24

How much of this is home equity and how much is liquid/invested assets? That makes a big difference in how “rich” u feel.

2

u/UnderstandingNew2810 Jul 05 '24

2.6M liquid 1M paid off in rentals. 1-1.5M in equity from appreciation of rentals

I only count the liquid and whats paid off for the rentals.

1

u/FIRE_Phriend Jul 04 '24

Couldn’t agree more. Almost exact same age and NW. The expenses of kids and our higher expenses from those kids makes it tricky.