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Sometimes a picture is worth a thousand words:
You can learn more about our net worth goal and our net worth benchmark that we use to make sure we are on track.
Related in Financial Goals:
A Better Financial Freedom Yardstick? (Feb 10, 2012) A key theme from the popular book The Millionaire Next Door is the simple formula to benchmark your expected net worth. Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This...
Time Is Money (Jan 16, 2012) While on our transatlantic cruise our dinner table companions were 2 couples in their late twenties/early thirties that had quit their jobs and were trekking around the world. We had some great discussions about life and I gained a lot...
Mid-Way Point in Our Journey to Financial Freedom (Nov 11, 2011) I recently celebrated my 10yr anniversary at my employer and I realized we are roughly halfway through our journey to financial freedom (10 years into a 20 year plan). With our $2 million net worth goal as a guidepost and...
Comments (4)
I've enjoyed reading your blog over the last four years, especially the clarity of your goal, your content, and your diligence in posting. I just re-read your net worth posting and wonder if you still think $2MM gives you the freedom you need to pursue your lifestyle and personnel goals.
This post was written in 2005 and so much has changed in our economy and no doubt in your own life. Is $2MM still enough?
Posted by kcb | April 20, 2011 10:50 PM
Great work! It appears as if you are well on your way and will reach $2 million well before you planned. With that in mind have you thought about retiring earlier or will you plan on adjusting your goal? I'm assuming that you would be on par to reach $3 million with how well you are doing currently.
Posted by SoonerCPA | April 21, 2011 10:26 PM
Wow, if we had what you have now, we would have already declared ourselves financially independent.
We are frugal people, though, and are on track to make that declaration in 2 yrs w/under a million.
Posted by Emily | April 26, 2011 1:35 PM
Emily,
Wow - Im curious about your situation and how you'll address healthcare once your financially free with under $1 million? Healthcare is still a wild card for me with a $2 million goal - do you have access to free/low cost healthcare insurance somehow?
Posted by 2million | April 26, 2011 3:19 PM