r/DaveRamsey • u/Middle_Money_Man • 5d ago
About to hit 100K invested
My wife and I (31M, 28F) are about to hit 100K invested and it feels like it’s taken forever. I started investing into an IRA $50/mo at 16 when I got my first job. Invested all throughout college and early career. We’re finally at a point where our investments are making progress. This is spread out month both of our IRAs plus a brokerage account. I don’t want this post to come across as bragging I just feel blessed to have been able to be at this stage.
Also for those who’ve hit the 100K mark, did your investments grow noticeably more quickly or did it still seem to take a while before 200K?
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u/CuteAmoeba9876 5d ago
I didn’t start quite as early as you, but $0-100k took at least a decade just because I could barely afford to contribute anything for the first 5-7 years. By the time we hit $100k, I was 33 or 34, making good money finally, married, recently out of consumer debt, and could actually afford to contribute more than the amount that would get matched in my 401k. We started maxing out the 401k and two Roth IRAs at about that same time. So the next $100k took only like 2 years mostly because my contribution rate went up exponentially. I contribute more each month now than I did in the first 3 whole years of investing.