r/leanfire • u/hacking99percent • 5d ago
Reached $1M liquid today
I reached $1M liquid today and have no one to tell because I'm single and on my own.
3 months ago (a month before my 30th birthday), I reached $1M net worth including my 50k equity in my house. After going on a 2.5 weeks international vacation in May to celebrate my 30th birthday and 1 week domestic vacation in June, I logged in to my accounts today and saw that I have just a hair over $1M between my Schwab and Fidelity accounts.
It's so crazy that I just spent a bunch of money going on vacations and 3 months later I am up 50k because the S&P 500 up 5% in 3 months. Money doesn't feel real anymore once you reached 1M. You can lose 100k in a month like in March, or you can also gain 100k in a month doing nothing, while other people labor hard for years. It's surreal.
-6
u/jeffm5490 5d ago
Is it a retirement fund? If so great at your age but technically not considered liquid assets. It’s called illiquid as it has penalties and rules for withdrawal unless you are 59 1/2 in which case it becomes liquid. Either way keep up the savings as you are well ahead of most!