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No
It’s a humblebrag.
Subject Expert
It's rare to be doing that well, and even rarer, and very silly, to feel bad about it.
Can you not FIRE now?
Bowl Leader
Comparison is the thief of joy. You’re doing better than most, and not as well as a very select few. As long as you’re tracking against your goals, don’t let others’ situations get to you.
+1 SAM: I have a friend who’s NW is 8m+ but he’s so upset and feels he’s a failure cos all his cousins of same age are 20m+. And I’m like WTF 😬
You’re literally in the 99th percentile in the US, the richest country on earth 👍🏼
$4M puts OP in the top 3%~5% of US households.
Depending on the source being referenced,OP would need between $10M and $15M to break into the top 1%.
Im not far behind at $3.8M but still dont feel rich/wealthy. The money makes life easier but I still have a scarcity mindset.
Your family is doing quite well. Congratulations!
The real focus should be on how much of that net worth can be accessed before age 59.5 without paying a penalty since you are potentially going to FIRE before 59.5.
Also, unless your employers offer bridge medical coverage before Medicare age, you will want to have more affordable ACA. For that, you need to be below about $130k in income which is the estimated 2026 400% of the FPL (Federal Poverty Line) threshold.
I sometimes feel the same way. Folks on this bowl tend to be in VHCOL area, surrounded by other high income earners. I know I am objectively doing well (34, SINK, $3.5m) but sometimes I need a reality check as well.
It will never end. I have friends worth $10m, who feel poor because their neighbors are worth $50m+.
I sometimes feel like I'm not doing enough either. It think it's common for low achievers like us when we compare ourselves to the big shots like Elon and Gates. With inflation and the cost of raising a kid these days, I don't think the 9 million we've saved and invested so far would be enough