I discovered this blog over the weekend and I was pretty impressed from the start. This Canadian chronicles his net worth each month in order to achieve his goal of being a millionaire by the time he's 35. He was 11 more months to go and is at $827,300. Which is really impressive given his net worth of $198,500 when he was, from the best I can gather, just 27. The net worth updates go all the way back to December of 2006.
I've only been reading it for a day, but he's incredibly typical in that he has a wife and then eventually children, but I don't know how much the two of them make. They must be prodigious savers since as you can see in the graph above, the months during the financial collapse, their net worth barely fell. This is by no means impossible if you have a good mix of cash, bonds, index funds, real estate, and a high savings rate.
In addition to monthly net worth posts, he also offers many money savings and investing tips. It's a great read and I encourage you engross yourself in it.
-CC
I've only been reading it for a day, but he's incredibly typical in that he has a wife and then eventually children, but I don't know how much the two of them make. They must be prodigious savers since as you can see in the graph above, the months during the financial collapse, their net worth barely fell. This is by no means impossible if you have a good mix of cash, bonds, index funds, real estate, and a high savings rate.
In addition to monthly net worth posts, he also offers many money savings and investing tips. It's a great read and I encourage you engross yourself in it.
-CC
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