A bit anti-climactic, but hit $1M NW. On to the the journey to $2M and good luck to you all as you continue your own journeys.

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Not anticlimactic at all - congrats!

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Tots deserve it - happy for you! Also 800 credit score? So dope

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Age?

likehelpful

Awesome! Congrats!

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Keep it up! You are a little ahead of where I was at your age. The first million is the hardest.

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What does your portfolio look like?

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Really loving that 401K and IRA balance.. you are doing great darling!

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Love this - steady growth with time and discipline, it is quite replicable by other people. I saw other examples that crossed the $1m mark in a year because they bought Tesla stock or Bitcoin - good for them but others cannot learn much from it

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Where do u usually invest ?

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401k, always in very aggressive funds

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Congratulations 🍾

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Great job OP. As someone who recently got married, I am hoping for a similar trajectory.

likehelpful

The second million comes much faster I find :)

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I hope so! Also, my youngest will be in kindergarten this fall, so my wife will be going back to work in some form, even if part time, so that should speed things up!

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Congrats!! I’d recommend using Personal Capital over mint though! Way better UI

likesmart

I have both, but find that Mint connects better to my accounts, seem to have more issues with PC.

Congrats! Happy for you and your family

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This makes me feel better. I am around the same but with one kid late in life.

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Kudos and wishing you continued growth!

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On your NW, how do you account for 401k considering those are pre tax money? Do you layer in a tax cut?

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I have never heard of factoring it into NW. Our financial planners never have fwiw. Although I see your point re taxes being a liability, you really can’t calculate them with any certainty unless you are essentially looking at withdrawing the funds yourself imminently—the tax liability will change based on the year you take the distributions, the amount of the distributions, your tax bracket that year... to me, that’s just unknowable (but perhaps estimable). Also, you could end up dying prior to any distributions and then the taxes never technically hit you at all. Taxes are complicated and shifting. If you sell your house, you are taxed on the gains unless you have a like-kind purchase of real property to go with it, but generally people don’t discount the value of their home by the taxes they might pay someday (or might not).

When you are asked your salary, it generally does not mean what is your after-tax income. Not picking on the person who asked but I think including it in Net Worth with any sort of accuracy is impracticable.

What app is this?

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EY2 I’m in the same boat. Mint hasn’t given me the new interface yet.

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Congratulations! That's very exciting!

That’s amazing

Dumb question, but do you consider mortgage debt part of this or is the house paid for?

Yes, mortgage debt ($391k) is factored in

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Congrats!!

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