^This right here.VoiceOfReason wrote: ↑Sat Aug 13, 2022 11:22 amI think you are correct, broadly speaking that more people reach $10MM net worth by RSU, options, selling business, etc.Jags4186 wrote: ↑Fri Aug 12, 2022 3:08 pm Most people who have a $10mm net worth that aren't athletes/entertainers/trust fund kids did it by starting and operating or selling a very successful business.
There are very few people who are able to make enough money at a job to get to $10mm without hitting some sort of RSU or options lottery.
However, this should not be confused with difficulty. Anyone with a high paying salary, or dual income families with two reasonably high earners, can accomplish this if that is their goal.
To put this in perspective, if you can get a net worth of $3MM by age of 40-45, invest/save NO MORE $, average a 6% return for ~20 more years you will reach $10MM. Entirely doable, even without saving more $$.
I think many people that need to take that path end up retiring/enjoying their life long before they get to $10MM.
$10 million sounds great. We were on a solid trajectory to get there. But, long before arriving we cut back on work and spent more time enjoying life. We eat healthier, exercise more and spent more time doing the things we love. Sure the extra cash would have been nice. Drive that nicer car, live in that nicer house, fly first class more, etc. But to do that we would have to spend time working and those items I listed are just not worth the extra time at the job. My free time is far more valuable. But that is just me and my spouse. Everyone has to make their own life choices.