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quickthrowmanyesterday at 11:13 PM0 repliesview on HN

$600,000 net worth is nothing these days, I’m worth about that much after saving for 7 years and can’t even afford the mortgage for a $300,000 house, even if I put 20% down.

Investments are so much better at earning money than working for wages, in my case the amount of retirement savings I have after 7 years is larger than my cumulative earnings during the same period, and I’ve been saving about 40% of my gross income. Part of my net worth is ESOP equity that I can’t monetize in any way so that’s part of the reason why my net worth is higher than my earnings over the same period.