good progression ! Albeit a bit concerning that $4M (60% of your networth) is tied up in your small Co. single stock.Present age 58, dual engineer income for 1.5 times (wife quit for 10 years raising kids). Never more than 200K salary (me). Have lived in $150K house for 30 years. Drive older cars.
Year - Age - NW
1992 - 22 - 0
1994 - 24 - -95K (marriage - House - Car)
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2010 - 43 - 1.02M (mostly from paying house off in a couple years and maxing both 401Ks)
2011 - 44 - 1.1M (Bought into my company ESOP with half of my IRA - big gamble)
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2019 - 52 - 2.6M
2020 - 53 - 3.1M
2021 - 54 - 4.1M
2022 - 55 - 4.5M
2023 - 56 - 5.2M
2024 - 57 - 6.2M
2025 - 58 - 6.8M
4M is from buying into a small company ESOP that has grown from $250K to $4M. So, take that away and it would be around 2.4M just maxing 401Ks. I never paid much attention to the investments in our 401ks, just clumsily threw it in there - i.e. target date funds. I did pay attention to debt, hate it. I only started really looking at investments here in the last month or so here on BH. I am on a 25% / year ESOP diversification schedule and if I retire next year can get all of it transferred to my 401K or IRA.
There just be a typo or something about your age 22 in 1992. Could it be 1990 ? i asked google AI engine about if someone is 58 years old today in 2025, what be their age in 1992 - it returned age 25.
Great steady NW progress indeed!
Statistics: Posted by sc9182 — Tue Aug 26, 2025 9:04 am — Replies 5070 — Views 1463838