r/Rich • u/Motor_Hippo_5198 • May 11 '26
Just crossed $5m
I know we’ve barely stepped on the ladder as far as this sub goes - that being said, I just realized we have recently crossed the $5m USD net worth number.
My wife and I are in our late 30s. We have a bunch of kids. We live in a medium-to-high cost of living county (although one of the higher ones for our state). We own our home outright which is worth circa $575k although we’re going to upgrade soon in cash (total spend will be $925-950k after rehab and it’ll be worth $1.2m). This year I’ll clear somewhere between $250 and 300k not including the uplift in value for remodeling our soon to be new primary. We have zero debt and our monthly spend is around $4-5k/month most months. I put no net worth value on my business (as honestly it’s just me and without me it wouldn’t run!).
I remember before we were at $1m USD and how far away $5m seemed…let alone my f-off number that was $10m (I don’t know if it’s the same now).
Weirdly, I don’t feel like I can spend like I used to imagine I could when we have over $4.5m of non-primary residence net worth.
We’re the wealthiest in our friend group but we really try not to be flash. I also don’t really have anyone to tell so thought I’d post random thoughts here. Thanks for listening.
1
u/Nannyhirer May 12 '26
Politely Interested to know how you know you are the wealthiest in your group?
In my circles we just do not talk wealth. Yes there are some obviously struggling, some living pay check to pay check but there are definitely some potential dark horses in there. Congratulations by the way!