Quote:
Originally Posted by Unregistered
I keep seeing people with millions of assets. Is this really achievable?
I think we are doing pretty well for our age: we are 27 and 29 with annual income of 280k combined. We still fresh in our careers so we do expect salaries to increase as we hit our 30s.
But i see people here having 6m net worth. Is this possible?
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It is possible for high income earners and/or people very savvy with investment. Take your example, if both of you spend 80k a year, you would be able to save 200k a year, or 1M in 5 years. In 30 years, you would have 6M. That's not even taking into account salary increases and income from investment later.