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[2nd Year Update] Hit the two comma club today

Reddit r/Fire·u/gamcy_la·about 1 month ago
#DW4VWVZW
#401k#roth#today#worth#article#discussion
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Hi! Stumbled upon this group just under 2 years ago and loved the idea! I was planning to update in June, but hit $1M today and thought it was a fun update. Feeling very fortunate and blessed.

Net Worth: $1,012,000; +56% YoY.

Updates:

  • Comp increased from $300k to $320k
  • Got engaged! Getting married in 2 months.
  • Contributions: Max 401k at $23.5k/yr, Max backdoor Roth IRA @ $7.5k/yr, Mega backdoor Roth IRA @ $10k/yr, Brokerage @ $30k/yr, HSA @ $4.4k/yr

Comp: ~$320k ($215k base, $43k bonus, $62k stock), Other (50% 401k match)

Expenses: ~$6k a month (rent, insurance, bills, food, life, fun), live in VHCOL location

Debt: None

Net Worth:

  • 401k: $314k
  • Roth 401k: $33k
  • Brokerage: $291k
  • HYSA: $38k (wedding + emergency funds)
  • Cash: $26k (day-to-day, emergency fund)
  • HSA: $20k
  • Crypto: $32k (mostly BTC)
  • FAANG Equity: $242k
  • Car: $14k (own)
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