$300k Net Worth Milestone 8

Thanks to the stock market’s continued upward trajectory, I eclipsed the elusive $300,000 net worth mark today! I am proud of this achievement at age 27 with less than five years in the working world with my “career” job.



My favorite fact about this is that my gross earnings have only been in the $340,000-$350,000 range over this nearly five-year span for an average around $72,000 per year. Deducting income taxes at 25% average leaves around $260,000 net income; so my net worth today exceeds my total amount of net income received by a healthy margin!

This is a testament to the power of frugality.  I have employed savings rates during the span between the upper 60% to low 80% of my net income by keeping my lifestyle similar to my college lifestyle despite my newfound earnings.

Another key contributor to this accomplishment is timing. I started my career in July 2008 when the Dow Jones industrial average had just fallen below the 14,000 high mark it established that year. The stock market was a turbulent roller coaster downward over the next six months dropping  into the 6,000’s. There have been few occasions more opportune to begin saving and investing as I’ve been socking away money consistently into various investment instruments over the past five years including 401(k), Roth IRA, Vanguard index funds, and individual stocks as the market has more than doubled in this short duration.

Looking forward I am leery of the exuberance and helium in the stock market, and will look to allocate my investments accordingly. But, I am thrilled with where I’m at today. Even better, my net worth snowball will continue to gain faster and faster as compounding will have more impact on my portfolio and the appreciation aspect of my net worth catches up to the amount of funds I’m contributing.





8 thoughts on “$300k Net Worth Milestone

  1. Reply Mr. 1500 May 8, 2013 5:57 pm

    Wow, you’re kicking ass. Imagine where you’ll be in another 5 years?

  2. Reply Canadian Budget Binder May 11, 2013 4:24 pm

    Well done mate, congratulations!

  3. Reply Elvin @ Journey To Millions May 12, 2013 4:08 am

    Wow! Congratulations on hitting your $300,000 net worth mark! Frugality can really do a lot in a person’s finances. By the way, I got here via 1500days’ blog..

    • Reply Net Worth Snowballa May 12, 2013 8:04 pm

      Thanks Elvin!
      Frugality has truly been the key to my net worth milestone. Thanks for stopping by from Mr. 1500’s site; he’s doing some great work over there and glad that he provided the opportunity for you and some folks to check out the site.
      Good luck on your journey to millions!

  4. Reply JC @ Passive Income Pursuit May 12, 2013 12:54 pm

    Lots of congratulations are in order! That’s a great accomplishment, especially for being only 27.

  5. Reply Brian @ Free Money Minute Oct 23, 2013 4:53 am

    Impressive job! I only started making that much progress after my 30th birthday. You are well on your way. In case you enjoy friendly competition, I added you to my blogger net worth tracker. You are currently in 11th place. http://freemoneyminute.com/wp/net-worth-tracker/

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