I hit a new financial goal and can’t tell anyone
I posted here over a year ago talking about how my net worth finally reached 100 K and I did not feel comfortable telling my girlfriend or my family about it. I mentioned that I lent money to a family member and they were on track to pay me back within the next five years. And I figured I would post a mini update here to also hold myself accountable.
My net worth is now at around 240 K, girlfriend is long gone, and the family member is 73% done with paying me back. I should be 100% paid back by next year. I’ve shared some of my success with my mom, but definitely not the full picture. She has asked me to set up a high-yield savings account for herself, so now I am managing some of her money in that account. And honestly, it’s kind of annoying. Because she is moving money around multiple times a month, so I need to be setting up transfers multiple times a month, and it’s a little bit messier than the way that I normally manage my money. So I don’t regret sharing with her, and I am happy to help her build something of her own. Looking back, it took me eight years to get to my first 100 K, and my next 100 K came around one year after. I am hoping that in the next five years I’ll be able to make it to 1M, here’s hoping.