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Showing posts from March, 2017

How I became a millionaire & things I learned along the way

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My net worth from 2002 through 2017 Something remarkable happened to me on January 24, 2017. When I looked at my assets, like my bank balance, my condo, my investments, and subtracted my liabilities, like my student loans and mortgage, my net worth came out to $1,000,378.46. I was officially a millionaire at 33 years old. I first started tracking my net worth in 2002 during my freshman year at the University of Michigan. At the time, my net worth was only $5,279.59! I was very proud of having close to $6K to my name. Little did I know that 15 years later this number would be 200 times greater. With $6K, I could buy just about anything I needed (I wasn�t even thinking about a car or a house at the time!). I kept the money in a checking account that was paying a stingy 1.5% or so. Sadly, this rate wasn�t even enough to cover inflation! Making it to this milestone has been a long journey and I�ve learned many things along the way. Perhaps the most important first-step I took was graduatin...