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I'm 39, and have about ~700k in equity on my primary residence (conservative estimate), and my wife and I have about 700k in various investments/savings account
by VirusNewbie 5y ago
I'm 39, and have about ~700k in equity on my primary residence (conservative estimate), and my wife and I have about 700k in various investments/savings accounts, split evenly between retirement accounts and non retirement accounts.
Most of my money came from saving. Never worked for a FAANG or had startup equity hit, but I was doing software professionally at 17 and have saved a chunk almost every year since then.
While I could have afforded an apartment in my early/mid twenties, I ended up living with roommates and saving, then later buying a condo in early 2009.
Then I rented a room out. Always bought used furniture, found deals on cars (I did drive entry level luxury cars), was very careful about splurging on technology or entertainment. I did probably spend too much at bars and whatnot though.
So some of my net worth is due to good timing in RE, but a lot was due to working hard (enough) in my early-mid twenties that I was able to get a decent war chest and then invest it.