Caribou Gear

What age to be a millionaire?

At What Age Did Your Net Worth Exceed $1MM

  • I don't understand the question

    Votes: 16 6.5%
  • 20's

    Votes: 9 3.7%
  • 30's

    Votes: 53 21.5%
  • 40's

    Votes: 50 20.3%
  • 50's

    Votes: 24 9.8%
  • 60+

    Votes: 3 1.2%
  • Still Hammering

    Votes: 91 37.0%

  • Total voters
    246
All I’m saying is you are making it sound way harder than it is. You can buy a 4 plex as a primary residence with 3.5% down and pay your mortgage with rental income. Live there a few years, sell it. 1031 it into something bigger. Yada yada yada..there’s money to be made if someone wants to work at it and use the system as it’s designed.
I think you are making it sound way easier than it is. When was this scenario you describe? 2006 when banks would lend anyone with a pulse money? I'm not saying it is impossible, just that it is more rare than common.

My wife and I are both doctors and started our own business, we’re in the process of exiting and starting our next business
So pretty exceptional. You probably didn't start as Drs until you were 30, and how much debt did you have from that, and your target to claim 30's is $2m in my opinion. Like I said, not impossible, but not common and certainly not easy.
 
I think you are making it sound way easier than it is. When was this scenario you describe? 2006 when banks would lend anyone with a pulse money? I'm not saying it is impossible, just that it is more rare than common.


So pretty exceptional. You probably didn't start as Drs until you were 30, and how much debt did you have from that, and your target to claim 30's is $2m in my opinion. Like I said, not impossible, but not common and certainly not easy.
I did it at 29 in 2019. Would have done it in 2006 but I was sitting in sophomore English class…😁
 
Big deal? Maybe not. But for 88% of Americans it would be a better spot than they are now. How many are younger than 40? I guess 1% is 1 million working Americans, but still, it is an accomplishment to be proud of for sure.

Why settle for a million?

 
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