this post was submitted on 05 Feb 2024
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FIRE (Financial Independence Retire Early)
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In this week's edition of celebrating random milestones:
It took me roughly 10 months to earn last years gross salary in portfolio gains. Glad to see my portfolio earns more than I do, especially since it doesn't have to pay taxes on that income.
It's a great milestone. I wish I'd started tracking my net worth back when I was young. I don't even remember the first year my portfolio made more than I made in earned income.
I'm trying to convince my nieces and nephews to save and invest, but they think it's hopeless because they're starting out with nothing. I started out with a negative net worth (student loans + brand new vehicle).