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« Reader Profile: KR | Main | The 50/20/30 Budget »

February 24, 2014


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Excellent profile. Your career path reminds me of my own. I too, hit the $1M mark at age 34 and was able to stay on the same trajectory to get over $3M by the age of 40. I also changed jobs and continued to keep growing my compensation every year until things leveled out in 2006/7 at $300-400k per year. Keep doing what you are doing and you will become very well off over time.

That being said, I can say that having a newborn changes everything so you may have to re-think how to manage your family life and work situation. Our baby is now 8 months old, and I am so happy I changed roles (still within the same company and earning the same pay, but with much more flexibility to work from home occasionally and have flexible hours).

Best wishes and congratulations on the new addition.

-Millionaire #6

Millionaire #6
I am a lot older than you, starting my career as an aerospace engineer in 1956 at the age of 22 and retiring in 1992 at age 58. At retirement my annual salary was $74.5K, very low by today's standards, and my investments were only $320K and didn't reach $1M until 1997 when I was 64.

However, never underestimate or neglect the great importance of COMPOUNDING.

Thanks to the bubble that peaked in March 2000, the great rise in real estate values, the reinvestment of interest and dividends from our tax exempt and corporate bonds, and being debt free for the last 22 years, our net worth is now at approx. $9.5M and growing at annual rate of about 5%. What you will find out is that once your net worth gets up to that level, at our age one's spending drops off a great deal and how much you are worth has very little meaning.

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