Lauren and Steven Keys, co-founders of Trip of a Lifestyle, will reach a seven-figure net worth in 2023. Lauren and Steven Keys
Florida-based couple Lauren and Steven Keys built a seven-figure fortune in about ten years.
They had no budget or spending account, and their individual salaries never exceeded $90,000 (€83,500).
They cut three key expenses and invested much of their income in index funds.
This is a machine translation of an article from our US colleagues at Business Insider. It was automatically translated and checked by a real editor.
When Lauren and Steven Keys started their first full-time jobs, their salaries were well below average. “My starting salary was $38,000 (around 35,200 euros) gross per year,” says Steven. The 33-year-old was a high school physics teacher at the time. Lauren, 34, worked in marketing for a financial company and earned $36,000 a year. Their incomes increased over the years, but never exceeded $90,000, they said.
Nevertheless, the couple managed to build up a seven-figure fortune in about ten years. Between her real estate holdings, stock market investments and cash, her net worth is just over $1 million, according to investment accounts and property valuation records seen by Business Insider.
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The Keys, who met in high school and attended the University of Florida in Gainesville, describe themselves as “naturally frugal.” Lauren had no choice. She waited tables throughout her studies to pay her tuition fees.