FIRE Crossroads 014: FI Goal of $1 Million by Age 30

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David is a mere 26 years old. At that age, many who go into medicine have a net worth in the multiple six figures below zero. However, David didn’t go into medicine. David went into finance, and as a result, David is doing quite dandy with a net worth of several hundred thousand dollars above zero.

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At this stage in life, he can live quite frugally and be happy, but he envisions living more “normally” in the not-too-distant future, as he has his sights set on a 7-figure net worth before he celebrates his 30th birthday. He would also love to be done with corporate finance well before then.

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Getting to Know You

Where are you on your financial independence journey? Have you crossed the halfway point in terms of net worth and/or passive income?

When I was in college, I had no idea there were people on the internet who would give the correct financial advice all for free, let alone share numbers with the audience. So therefore, I want to give credit where credit is due first before answering any questions!

My goal is to be a millionaire by 30 years old. Using the millionaire goal, I am only 40% of the way there and not quite halfway there. In terms of financial independence, I am more than halfway there at 80%. I currently have a net worth of about $400,000.

Tell us about your household. How many people and at what ages? Are you supporting anyone outside of your home? Where do you live?

I’m not married and not supporting anyone outside of my house. I’m 26 years old right now and living in the Southern United States.

SWIPE UP NOW TO READ MORE

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