Since 2007 in addition to keeping a personal finance-ish blog, I’ve also obsessively updated my networth on the NetworthIQ site (my profile here). While the site itself hasn’t been updated in years, what it does have is a very interesting community of people who track their networth on a monthly basis. While there are some outliers of people who seem to like to pretend to have millions of dollars when they clearly do not, most of the profiles are legit, and some are very impressive. This led me to wondering – who are the people behind NetworthIQ, and how did they save their money? The great news is that everyone has been so wonderful about sharing their stories when I reached out.
To kick off the series, I interview Jonathan, a 31 year old in Arizona with no formal education who has amassed $943k in networth as of October 2013. This year, he is set to gross over $350k per year. What does Jon do for a living, you ask? He’s a programmer, which explains the sky-high salary. But he’s also a self-made man. And he’s expecting his first child with his wife this January, so we’ll have to check back in with him once he’s buying diapers. That said, having nearly a million in networth at 31 is nothing to shake a stick at. So, other than being an engineer, how did Jon do it, and what advice does he have for the rest of us? Continue reading