Le Corb@lecorb · 1moEdited
As someone who has saved aggressively, invested heavily, and leveraged and built a small rental real estate holdings while growing my compensation over double digits every year for my entire career will tell you, I personally never celebrated my total assets number.
Mostly out of fear of not wanting to jinx it, having gone through the meltdown of 2000, the scariest financial crisis in 2008, and basically on the front line of operating a national fleet of the most important assets that kept the country operating through the pandemic.
I’m much much more sober about my current and future portfolio value, because the world has proven anything can happen and you never see it coming.
Also, I’m much more realistic about the NET value after inflation and currency exchange. Money over the last two and a half decades since 2000, has lost almost half its purchasing power and prices for everything have nearly doubled.
As an early retiree, I look at my portfolio and tell myself, it’s only worth half. For 30 years, a million dollars has been a proverbial target, but a million dollars isn’t what we think it is unfortunately, and we’re entering a new world of higher interest rates, higher inflation, currency devaluation, higher sovereign debt leading to higher taxes and eventually unrealized capital gains.
So well done, and keep at it, but remain sober to the unknown and reality of macroeconomics.
