3min chapter

Marriage Kids and Money: Personal Finance for Families cover image

Lessons Learned After Becoming Millionaires in our 30's

Marriage Kids and Money: Personal Finance for Families

CHAPTER

Compound Interest and the Million Dollar Net Worth

Even with a million dollar net worth, my wife and i are working to pay for our everyday living expenses. Since most of our net worth is allocated for our future retirement needs, we aren't touching any of it to day. That way time and compound interest can do their magic. Compound interest is incredible. Our money has the potential to make more money, and then that money makes more money. It's inredible. What a conceptn five, the journey was a lot better than the destination. Achieving a million dollarnetworth was a pig win for our family. We have around 600 thousand dollars in retirement to day. If we didn't contribute another dime to our accounts

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