How My Net Worth Went from $-40,000 to $285,000 in Five Years
No no! Don’t go, its not a get rich quick scheme!!
Its a ‘get rich slowly’ tactic and the author seems to think that it really worked. I have not tried it, and if you have enough money to save each month that is recommended, then it should work. However cast a careful eye over it.
“In 2003, my girlfriend (now wife) and I graduated from university with nearly $50,000 in debt. This debt was a combination of my wife’s $30,000 in student loans and her $20,000 new car loan. Since I learned fundamental saving habits at a very young age, I managed to graduate university debt-free with $10,000 in savings. Combined, however, we were $40,000 in the red (not including a new mortgage).
Over the past five years, our financial picture has changed drastically. Not only have we dug ourselves out of the hole, but we’ve grown our combined net worth to over $285,000.
How did we do it? We didn’t strike it rich in real estate, we didn’t luck into some crazy stock tip, and we don’t even have extremely high paying jobs (we started at $85,000 gross combined).
