One of my peers in Raleigh, NC set up a blog site to track his journey and progress to achieve financial freedom by reaching 2 million dollar net worth mark. (Thanks to Matt for the link). He has currently accumulated $216K and he is only 29 years old. Impressive, yeah?
Here is his Jan tracking chart of his wealth. (ESPP is our employee stock purchase plan)

I just had some time to read his stories. I must say that his example is definitely inspiring which I can relate quite a lot.
I personally believe in saving and investing by living under my means and paying attention to personal financial educations. Thanks to my mother and The Richest Man In Babylon, I started saving and investing when I was still in college. I must say that another reason why I was able to walk out of my job was because of my financial capability. Even if I couldn’t find a job for a long while, I know I am taken care of and I will not worry about money.
2million (he didn’t use his real name of course) also started out as a broke student and able to accumulate this much wealth. I am sure every one of us can do the same but the key is to start RIGHT NOW.
I strongly encourage you to read his site. Here is the URL : http://2million.blogspot.com/ I also copied his financial history story here for your amusement:
I graduated with a BS degree in Computer Science in December 1998. I was just like any other college student, broke, but I was blessed enough to have the support of my parents to pay for my tuition and basic living expenses while I worked to get my degree.
Rather than entering the workforce like most of my graduating peers, I opted to stay and get a MS degree in Engineering. I was luckily offered an assistantship at the university which gave me free tuition and a stipend (roughly $12,000 a year). I was again blessed to have my parents agree to continue to pay my health insurance premiums during this time.
While in graduate school, I purchased my first car, a newly used Nissan Sentra. I put $5,000 down (my life’s savings) and I received a loan from my parents to pay for the remaining amount (roughly $7,000).
In addition, while I was in graduate school, I started a dot com business with my brother. We spent several years and roughly invested $8k of my savings in the business which we finally shutdown and sold off most of our assets in 2004 for a sizable loss.
In August 2001, I finally entered the real world and have been working at IBM ever since. I began paying close attention to my finances after reading The Millionaire Next Door given to me by a professor towards the end of my grad school career. As I entered the workforce I realized my limited financial means at the time would limit my choices in the future and I wanted to do something about it.
Since 2001, I have made steady progress in my increasing my net worth. I paid off the car loan from my parents and purchased my 1st house in 2002. In 2005, I rented out my house and I am currently looking for a new home.
I left graduate school with a signing bonus and moving allowance that accounted for the majority of my $14k net worth in July 2001. As you can see I have been steadily improving this number to a more reasonable $216k net worth today. Hopefully this streak will continue for many more years.