How to Grow Your Net Worth by $1+ Million in Less Than 4 Years (With One Simple Trick)

grow net worth

The personal finance blogosphere is full of incredible success stories:

How we paid off $1,234,567 in student loans in 3 years

How my (all consuming) side hustle helped us become debt free

How we saved multi-millions by ruthlessly slashing our expenditures on housing, transportation, and food

Inspired by these fabulous accomplishments, I feel fortunate to share our most recent financial milestone:

Despite traveling and spending a ton, over the past ~4 years our net worth has grown by an additional $1+ million.

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This 2-Year-Old Has Already Been to 28 Countries

Time… is on our side, yes it is (Musee d’Orsay, Paris, France)

A common way of thinking is that world travel is something only for the childless and empty nesters. “I would love to do what you do, but I have kids” is something we heard once or twice before becoming parents ourselves. Responsibility for a small human is absolutely life changing, yes, but in a way that opens new doors.

Two year old GCCJr has already been to 28 countries. Since he first boarded an airplane at 5 months old after we figured out how to pack our favourite baby gates up for the various hotels and AirBNBs, he has been putting his 2 passports to heavy use. He has already circumnavigated the globe twice, and enjoyed visits to large swaths of Asia, Western Europe, and North America.

Whether at home or in a far away land, The World through the eyes of a little one is an opportunity not be be missed.

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Why GCCJr has no 529

No 529

Since having a kid of our own I have often found myself in the company of other parents. And let me tell you, there is nothing in this world parents want to talk about more than the latest exploits of Little Johnny or Young Suzie.

“Oh man, you do NOT want to know what I found in Johnny’s diaper!” (you’re right)

“Oh my gawd, Suzie said the cutest thing today! Let me tell you all about it.” (that’s, uh… really cute)

And my personal favorite:

“Yeah this kid is wicked smart… probably gets it from his old man, hehe. So anyway, I opened up a 529 plan for him last week. We even did that thing where you contribute 5 years’ worth all at once. You knew you could do that, right?”

Me: “Yeah, uh.. Jr doesn’t have a 529.. And we have no plans to start one.”

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The International ATM Bonanza

International ATM Bonanza

International ATM Bonanza

Wouldn’t you know it, just a few weeks after intentionally overdrawing our bank account we had another mini financial crisis:

We needed a massive amount of cash in a foreign country in a very short period of time.

First, we signed a lease and paid a security deposit, 1st/Last month’s rent, and an agent’s fee.
Total: ~$8,650

Then we enrolled Jr in school and paid a full semester of tuition.
Total: $4,175

How do you transfer that much cash overseas without paying crazy fees and stupid exchange rates?

With the International ATM Bonanza, of course.

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