"Hey, by the way - we hit a net worth of $300,000 today."
That's what I told my husband last night when I called from my hotel room. I was about to say goodnight and I remembered that after updating my spreadsheet with my paycheck from the day, that we had hit a threshold I had long been looking forward to.
$300,000 will produce $1000 in investment gains a month if you assume a very reasonable return of 4%. A thousand dollars a month is more than my rent payment and I thought I would feel like we had crossed a major hurdle when we hit that milestone. I've been thinking about 300 for awhile now and what it would feel like. I've been calculating projections on when we'll get there, and the day arrived sooner than I thought. But it was also much quieter than I anticipated.
It turns out that I feel no different at all. In fact, I would say that having a net worth of $50,000 and $300,000 feel almost exactly the same. Conceptually I know that we are closer to financial independence, but at $50,000 (heck perhaps even $20,000) I felt that we had a really solid backstop and I felt I had broken from the grips of debt and took my first breaths of freedom.
Now I'm used to my freedom though. I no longer marvel at how little I worry about paying bills, but instead I worry that my dream of feeling this hallelujah moment of independence when I hit a certain net worth was just a fairytale. I worry that I will never feel like I have enough since if you had asked me at $50,000 what it would feel like to be at $300,000 I would have said "life changing, total freedom, and amazing accomplishment" and it turns out it just feels like more of the same.
So I set my sights on new heights. $500,000. That's when I'll feel awesome, and maybe even rich. That's half a million dollars! Crazy! But when if I get to $500,000 and I'm right back here, dreaming of $750,000?
When will I finally get that feeling of independence that I've been striving towards?