Curious about net worth milestones. How long did it take you to go from 100k - 1m? What was your “story” (income/savings rate/asset allocation)? I realize many probably achieved this in the bull market we’ve been in, but still curious.

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Saved every week for 10 years. Have more than a million now. Easy as that

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8 years to get from Day 1 post graduation ($40k in debt) to $100,000; then 6 years to get from $100,000 to $1M

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Took my wife and I about 5 years to go from 100k to 1m. Then only 2 years to go from 1m to 2m. That’s part gains and part aggressive savings. We basically haven’t changed our spending habits so raises and bonuses just feed our investments.

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About 4 years total. Story: income in early years was more sporadic and I was aggressively paying down family debt + my student loans (family debt still finishing up now but student loans were done in Yr6/Yr7) Went from 100k-1M in roughly Yr6-Yr10, income trajectory looked like the below with savings rate accelerating in Yr7+, nothing abnormal on asset allocation just SPY/VOO:

Yr1 - 105k
Yr2 - 100k
Yr3 - 95k
Yr4 - 160k
Yr5 - 100k
Yr6 - 125k
Yr7 - 170k
Yr8 - 200k
Yr9 - 280k
Yr10 - 350k

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What is the story behind the income spike then drop ($160 to $100?)

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My biggest bump came when I saved all of a large raise on top of an already aggressive savings rate. I did the same thing again a year later.

This coincided with 2009 to 2012, a good time to buy.

Then we gradually let the belt out a little bit at a time over the years. Voila, 10+ years of improving life standards. And still a great savings rate.

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Took me about 5.5 years

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