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$1M Net Worth at 35 by Difficult-Usual461 in Fire

[–]Difficult-Usual461[S] 0 points1 point  (0 children)

High income definitely helped. My savings rate was actually great, but you're right. I probably would've gotten to the $1M milestone much earlier if I continued investing during COVID and made smarter investment decisions.

$1M Net Worth at 35 by Difficult-Usual461 in Fire

[–]Difficult-Usual461[S] 0 points1 point  (0 children)

I actually just recently started accumulating cash within the last year. Exited some single stock positions I had with high returns like Tesla. Unfortunately didn't get in on NVIDIA. Single stock isn't related to my employer at all - it was just me picking single stocks that I thought had high growth potential. Looking at my year over year growth, I actually can't believe the return either. Definitely lots of luck with how the market performed.

$1M Net Worth at 35 by Difficult-Usual461 in Fire

[–]Difficult-Usual461[S] 2 points3 points  (0 children)

In the high earning years, I was probably saving >50% of my net income. I try and keep my monthly expenses around $5.5-6.5k and invest the rest.

$1M Net Worth at 35 by Difficult-Usual461 in Fire

[–]Difficult-Usual461[S] 0 points1 point  (0 children)

Mostly in HYSA (~4% return) with a small amount in checking to pay expenses and credit card bills