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February 2011 Net Worth

March 1st, 2011 at 05:09 am

Well, I'm glad to be back over 100k. It's been about a year and a half since I was last over 100k net worth. Three years ago, I was closing in on 250k.

Ultimately, I would like to have a net worth of approximately 1 million (600k traditional IRA, 150k Roth, a paid for house). So at age 41, with a net worth approaching 250k, I felt very optimistic about reaching 1 million by age 65. I only needed my net worth to double twice in 24 years. Now I am 44, and to reach 1 million net worth by age 65, I need my net worth to double 3 times plus some more in 21 years.

Wow! What a difference 3 little years can make.

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