Finally hit $1m net worth in NYC! 28M
28M married to 30F with a 6 month old daughter. HHI ranges from $500-800k (I’m in sales and have variable income) since moving to NYC about 3 years ago. Just this past week we passed $1m with some room to spare.
Very very high cost of living (day care is especially expensive), but very proud that we’ve been able to put away a large part of our earnings knocking out our student loans in our first year of marriage.
We are excited to hit this milestone and wanted to share :)
For a bit of discussion: although we have a very high cost of living in NYC, I don’t think I could have ever hoped to make this much money in a lesser market. $1m networth at 28 years old just doesn’t happen where I grew up. NYC and other major cities offer so much in terms of wealth creation opportunities. What is your stance on HCOL vs. LCOL?