ndnguy822000
Recycles dryer sheets
- Joined
- May 10, 2017
- Messages
- 85
With house, about 500 at 35. Now turning 39 at about 1 million. So yeah, it speeds up and thats nice to look forward too. (100% stock)
Great work!!!
With house, about 500 at 35. Now turning 39 at about 1 million. So yeah, it speeds up and thats nice to look forward too. (100% stock)
My individual NW passed the $1M mark around my mid-30s.
These net worth threads really have very little meaning unless someone wants to give you their entire life story.
If you have someone who is 39 and someone who is 32...and they both have $1,000,000...you would think the 32 year olds NW is more impressive. But if the 32 year old has been making $200,000 since late 20's and the 39 year old is only making $50,000...now the 39 year old reaching 1MM is much more impressive. The 39 year old is making 4x less...yet was able to reach that mark...just sayin.
What is the point of these wiener comparison threads?
What is the point of these wiener comparison threads?
36. Between DW and me, we have $1.8 million or so. Paid off $150k+ house plus $1.7 million invested mostly in equities.
Damn great job man , impressive [emoji123][emoji847]
I went back to grad school at 27, which consumed all of our savings up to that point. So we basically started over at 29 with zero savings, a large mortgage, two car notes, and two young kids. At 35, our NW was positive, but not by much. Then, a few years later, we got whacked in the dot-com disaster. It was pretty bleak for a while. But it came back fast and I started accumulating options and bonuses, while we kept our lifestyle more-or-less the same. Despite the global financial crisis in 2008, I retired at 52 in 2013, when NW hit 30X our annual spend.
Wife and I are both 36. We didn't start saving for retirement until our late 20's. She also quit her job to stay home with the kids in 2010 and will go back some time next year. Right now we are sitting at ~$250k in retirement/investment accounts and have around $100k in equity in our house (owe $80k more). So, $350k at 36. I make very low 6 figures and we put away around $40k/year. Once she starts working that should double and we're hoping to retire before 50.
I can't believe some of the figures on here. We're doing extremely well compared to a lot of the people I work with and are friends with. You guys are on a totally different level! Good job!
I'm 34, wife is 32. Combined net worth is $895k today. $250k of that is in a paid off house.
40 here, NW ~400k not including the $21k/year COLA'd "pension" I receive. Plan is to get that over $1M in the next 5-7 years and then retire. Living paycheck to paycheck in my 20's put a big damper on my net worth growth...
You might find this calculator interesting https://dqydj.com/net-worth-by-age-calculator-for-the-united-states/
Why the "" around "pension"? That is a very good pension for a 40 year old to collect for 40+ years.
at 35, I had $600k in NW, now at 45 I have $1.25M. However, that included my home which skews all the metrics.
At 35, I had $300K in investable assets, plus Pension valued at $70k, and a home in Chicago. Fast forward 10 years, I have $1.18M in investable assets, Pension is now an annuity paying me monthly, my home I took a complete bath on as the Chicago Market still hasn't recovered, but got out and bought a small townhome rightsizing my cash flow.