When and how did you get your first 100k / 1M?

[inquisitor]

Share a bit about where you live, what your work is about, your advantages/disadvantages that affected your attainment, what age you achieved that goal, what inspired you to achieve such an amount, and how much time and effort it took to get there.

Feel free to share more about the ideas you had to learn or forget, the significant actions you took along the way, the critical decisions you chose, and the best mistakes you ever made, leading you to your goals, doesn't matter the currency.

I wish to learn more from the experienced, of whom I have the utmost respect.

 

[MatureDJ]

Hit $100K at age 34. Didn't exceed $1M until inheritance (very early retired at around $300K, and that has not grown much). Almost doubled the inheritance within a year by being a very savvy investor, and am in the process of spending that largess on 1st & 2nd homes.

 

[Sardi]

Hit $100K at age 34. Didn't exceed $1M until inheritance (very early retired at around $300K, and that has not grown much). Almost doubled the inheritance within a year by being a very savvy investor, and am in the process of spending that largess on 1st & 2nd homes.

ok do you have any idea how to make money via internet and retire early especially am working 8-9 H i a company i dont like with age of 23 years

 

[MatureDJ]

ok do you have any idea how to make money via internet and retire early especially am working 8-9 H i a company i dont like with age of 23 years

You need to chase the money wherever it is, and then save like crazy. There are no shortcuts.

 

[plumber]

generally, no mystery in this. spend less than you receive. understand basic accounting. the rest will settle in.

 

[FlexpertHamilton]

generally, no mystery in this. spend less than you receive. understand basic accounting. the rest will settle in.

if you're making $15/hr you would have to save every single penny you earn for several years before you have anything significant. no one can do that. realistically you would probably have to penny pinch for decades before you have any significant amount of savings. lets hope their savings can accumulate enough interest are enough to keep pace with inflation too.

the trick to wealth is to figure out how to earn more money lol. spending less is a given but leaves out the more vital part of the equation.

 

[plumber]

if you're making $15/hr you would have to save every single penny you earn for several years before you have anything significant. no one can do that. realistically you would probably have to penny pinch for decades before you have any significant amount of savings. lets hope their savings can accumulate enough interest are enough to keep pace with inflation too.

the trick to wealth is to figure out how to earn more money lol. spending less is a given but leaves out the more vital part of the equation.

yes, depends on the environment. if the low average is 25/hr then 15 is barely alive. i see it all the time. in my area 60% or or more earn only enough for food and not much else. in those cases must earn more. do school or double shifts or anything....

on the other side i clearly remember a nice man in the 90's that retired early on a multi million nest. in the 90s a few million was a lot. this guy was a warehouse worker in a high tech company. he earned fare pay for the work he did, not the big money like the rest of us. that man got the last laugh on retirement day. i recall he was about 50 or 55. he put a sizable percentage for a long time in a mutual fund and did it for years and years. no Lexus, no summer house. it can be done if its a priority. this story plays out over and over.

 

[BackInTheGame78]

I became a gigolo for the rich old biddies.

 

[MatureDJ]

I became a gigolo for the rich old biddies.

The original - in his toupée years, LOL.

 

[Bible_Belt]

 

[Aguirre]

Are we talking net worth or savings?