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Old 10-03-2007, 12:59 PM   #21
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Age 31: Married, two young kids, new job, $0 debt...and $0 retirement savings
Age 58: FIRED
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Old 10-03-2007, 01:03 PM   #22
Give me a museum and I'll fill it. (Picasso)
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I was in the final stage of my first marriage .The only money was 1/2 the equity in my house and a lime green Karman Ghia.
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Old 10-03-2007, 01:52 PM   #23
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19 years ago at 31 we probably had around $20k. Just bought a small house, no equity.
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Old 10-03-2007, 01:57 PM   #24
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Ill let you know in a few years.
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Old 10-03-2007, 02:03 PM   #25
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That was only 4 years ago (I'm 35), combined with DH, our net worth was about $800K give or take a few thousand. No debt.

Today, our net worth is $1.27 million and we still have no debt (unless you count a 17 month old toddler as debt )
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Old 10-03-2007, 02:11 PM   #26
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I found a printout I made at year-end 1996 (when I was 31). The only retirement account I had at the time was my first employer's 401K plan worth about $85,000.

In 1999 we opened two Roth IRAs, and in that same year I changed jobs so the above 401K became a rollover IRA. Between those three accounts and my current employer's 401K, what was $85,000 in 1996 is a tad over $500,000 today.
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Old 10-03-2007, 02:32 PM   #27
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Originally Posted by Calgary_Girl View Post
That was only 4 years ago (I'm 35), combined with DH, our net worth was about $800K give or take a few thousand. No debt.

Today, our net worth is $1.27 million and we still have no debt (unless you count a 17 month old toddler as debt )
Yeah, but those are Canadian dollars...wait a minute...

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Old 10-03-2007, 02:33 PM   #28
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Old 10-03-2007, 02:51 PM   #29
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Yeah, but those are Canadian dollars...wait a minute...

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Yup

We're not dealing with monopoly money any more!
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Old 10-03-2007, 02:55 PM   #30
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age 31 : $150k, halfway thru 6 year marriage
age 49 : retired 1 year
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Old 10-03-2007, 03:02 PM   #31
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gosh, but what about after law school gumby?

for now i've decided grad school isn't worth the cost for me since i have a good job, w/ good pay and wouldn't be much higher if i went, but i change my mind every month or so!

i definitely wouldn't go to law school though (but lots of respect for those who do) because i wouldn't actually practice if i went and it is so darn expensive, aside from having to ignore my kids for a couple years!

have a friend who just graduated and makes less than me, me and my sucker friends who all work in nonprofits
I have posted before that my calculations show it took me at least 12 years after law school to break even financially.

A combination of getting a good paying job at a big law firm, not changing my lifestyle to match the increased income, and investing wisely, means that the young wife and I have been able to accumulate a tidy sum.
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Old 10-03-2007, 03:06 PM   #32
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I turned 31 in September '81.

Unemployed, recent graduate school dropout, driving '73 car, savings: ~$5000.

Was married with working spouse, I got a job within a year, drove the car 3 more years, marriage fell apart in early '84.

Retired in '04, living on pension; about $400K in net worth (sans house).
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Old 10-03-2007, 03:11 PM   #33
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Age 31...divorced...on active duty in the USN with maybe 5K in my TSP. This was also the year I discovered the house we did not properly sell was foreclosed (he got the house/mortgage, and I got the 20K misc. credit debt) PLUS - had a 18K car note at a horrible interest rate (lousy credit at the time)

Fast forward six years: 25K in TSP, 10K in deferred comp, 19.25 years towards a military pension I'll collect at 60 and 13.5 years towards a 25 year pension with civil service - bailing from here at 50 or 55 with pension and medical (military time buyback)....and a credit score in the low/mid 700's!!!! No car payment, less than 5K in other debt...time can heal financial wounds! Choose your occupation/jobs with RE in mind - and all will work out as long as we live long enough!

You are doing fine!
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Old 10-03-2007, 04:00 PM   #34
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I'm 31 right now. I've got $142K in various investment accounts, about $90K of which is in dedicated retirement accounts.

This is actually a problem, because the money that's not in retirement accounts is sort of burning a hole in my pocket. One month I'm fantasizing about using it to buy a plot of land somewhere for a remote cabin. The next month (i.e., this month), I'm shopping around for new sports cars. Please someone talk me out of buying a Lotus Esprit before it's too late!

Part of me keeps telling myself, hey, you earned that money, you've been a good saver, now reward yourself! Very dangerous thoughts, I know, but I still have them.
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Old 10-03-2007, 04:22 PM   #35
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I

Please someone talk me out of buying a Lotus Esprit before it's too late!

Part of me keeps telling myself, hey, you earned that money, you've been a good saver, now reward yourself! Very dangerous thoughts, I know, but I still have them.
I love the look of red Jaguars. Thank god, I don't have access to parking. But I would go easy on myself at 31; well anyway, I did, and still won't be destitute at 65.
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Old 10-03-2007, 04:51 PM   #36
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At age 31 I was underwater on my mortgage (housing crash in Anchorage), with a net worth of about zero. But DH and I both had decent jobs and were soon saving about 50% of take home. When all you do is hike in the woods or canoe, and eat granola for fun those nickels really add up.
I ERed 14 years later.
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Old 10-03-2007, 06:03 PM   #37
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I'll be 31 in 9 months-ish, and we have almost exactly 300k saved (mostly in 401k/IRAs).

We're saving a bit over $40,000 per year right now between 401k's & stock plans. Hopefully that will be enough to put us over $1,000,000 in our accounts by age 40. That's the plan at least
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Old 10-03-2007, 07:00 PM   #38
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I have 3 more years 'til I reach 31. By then I should pass the 200K mark. Not bad considering my income is and still will be under 50K per year. I started saving at 21, seriously at 25.
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Old 10-03-2007, 07:16 PM   #39
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at 31- I had $50,000 saved and a net worth of 400,000

at 43- I have 2 million saved and a net worth of 3.4 million
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Old 10-03-2007, 07:19 PM   #40
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1988, age 31: NW approximately $60K
2007, age 50: NW approximately $2.5 m
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