The First Million

Earning Your First Million Dollars – A Stroll Down Memory Lane

Gen Y Finance Guy Financial Analysis 30 Comments

Reading Time: 7 minutesHave you ever heard the saying that “earning the first million is the hardest?” Or what about “the 2nd million comes faster than the first?” Supposedly it gets easier and faster the further along you travel in your financial journey. These questions got me thinking about how long it took me to earn my first million (or more accurately asked, how long it would take). This required me to go back in time and reconstruct my earning history. The Social Security website makes this pretty easy. You can also request copies of your tax transcripts from the IRS website (I filed my first tax return in 2003). Luckily, I had saved copies of all my tax records back to 2006 …