What is your net worth if you are 35-40 years old?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Age: 35

TSP: $30K
Cash/savings: $6k
Car value: $2k
Debt: $29k student loans, no mortgage

#MillenialWithoutFamilyMoney

Dang you poor

Assh*le. I am not. I'm just not a rich b*tch like you.

[Anonymous]

https://dqydj.com/net-worth-by-age-calculator-united-states/

this is a realistic net worth %-ile by age calculator.

we're 32, $1.35mm, $370K home equity, $600K retirement, rest taxable. graduated debt free + $200K inheritance, high income for one of us, funded grad school/low income for the other. we are in the 1% for our age. we didn't squander massive privilege, but also are aware that this isn't normal.

this website is insane. the "net worth by age" is more objective.

[Anonymous]

Age 41/44
HHI: 240k
NW about $1M including home equity of 250k and 750k in 401(k)s; with about 40k cash and a 15k in 529 plan.

Flashback to ages 28/31, I was just finishing a fellowship and we rented a tiny 1br apartment.
HHI 95k
NW: 0 because our small Retirement accounts were offset by 10k credit card balance and 15k student loans balance.

Basically, for us it was a combination of time and discipline and luck. We got an inheritance of about 100k, used it for a down payment on a cheap house, and emergency savings, got better jobs, and saved money every year in our retirement accounts. We’d have a lot more, but, kids are expensive!

[Anonymous]

Anonymous wrote:https://dqydj.com/net-worth-by-age-calculator-united-states/

this is a realistic net worth %-ile by age calculator.

we're 32, $1.35mm, $370K home equity, $600K retirement, rest taxable. graduated debt free + $200K inheritance, high income for one of us, funded grad school/low income for the other. we are in the 1% for our age. we didn't squander massive privilege, but also are aware that this isn't normal.

this website is insane. the "net worth by age" is more objective.

$55k median be for 35-39. Seems about right.

[Anonymous]

Anonymous wrote:Age 41/44
HHI: 240k
NW about $1M including home equity of 250k and 750k in 401(k)s; with about 40k cash and a 15k in 529 plan.

Flashback to ages 28/31, I was just finishing a fellowship and we rented a tiny 1br apartment.
HHI 95k
NW: 0 because our small Retirement accounts were offset by 10k credit card balance and 15k student loans balance.

Basically, for us it was a combination of time and discipline and luck. We got an inheritance of about 100k, used it for a down payment on a cheap house, and emergency savings, got better jobs, and saved money every year in our retirement accounts. We’d have a lot more, but, kids are expensive!

We have a very similar picture

[Anonymous]

I’m a 40yo single mother. About $400k equity + $650k in retirement, investments, etc.

[Anonymous]

Anonymous wrote:I’m a 40yo single mother. About $400k equity + $650k in retirement, investments, etc.

Good for you! Can’t be easy as a single mother.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:44, 1.1 mil

35-40 not older .....

Lol. NP, here. My tween is in an annoying literal phase, have you not grown out of yours? . I find them useful as a guide for what the next few years might look like. If it isn’t relevant to you, move on to the next post.

Have you heard of compound interest?
Changes things a lot esp in 40's.

Yes, of course. But you can’t just move past it if you don’t find it useful? Have to stop and yell at PP that she doesn’t belong in this thread?

[Anonymous]

What is net worth and how do I get one?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m a 40yo single mother. About $400k equity + $650k in retirement, investments, etc.

Good for you! Can’t be easy as a single mother.

To be fair, you don’t know that. A single mother is a divorced, widowed or never married mother. She could have received a large life insurance payout, have family money, have a high paying job, one kid who is older, etc.

Single mother doesn’t have to mean slogging it out, barely scraping by. It also doesn’t have to mean raising a kid with little to no help. It could mean those things but does not necessarily mean them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m a 40yo single mother. About $400k equity + $650k in retirement, investments, etc.

Good for you! Can’t be easy as a single mother.

To be fair, you don’t know that. A single mother is a divorced, widowed or never married mother. She could have received a large life insurance payout, have family money, have a high paying job, one kid who is older, etc.

Single mother doesn’t have to mean slogging it out, barely scraping by. It also doesn’t have to mean raising a kid with little to no help. It could mean those things but does not necessarily mean them.

Bitch you better chill

[Anonymous]

Ages 36 and 38, HHI $250k, but still paying $2k a month in student loans for another 3 years. Old, paid off cars; cheap mortgage; low childcare expenses (right now about $750/month for a pandemic pod).

$400k in home equity
$200k in 401(k)s
$25k in 529
$15k in cash

We're playing catch up on retirement savings now, but had very high interest student loans that have taken up a lot of our monthly income. The home equity is also what it is because we've paid for about $100k in needed renovations out of pocket over the past 5 years. We both have very stable jobs and DH's family could help if we were ever in an emergency, though no inheritances or family money in the "leg up" sense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m a 40yo single mother. About $400k equity + $650k in retirement, investments, etc.

Good for you! Can’t be easy as a single mother.

To be fair, you don’t know that. A single mother is a divorced, widowed or never married mother. She could have received a large life insurance payout, have family money, have a high paying job, one kid who is older, etc.

Single mother doesn’t have to mean slogging it out, barely scraping by. It also doesn’t have to mean raising a kid with little to no help. It could mean those things but does not necessarily mean them.

You’re going to be sooooooo disappointed. I have no family money nor any family “helping” me out. I paid for my own education. I’m divorced and we split custody, but I don’t get a dime of child support or alimony. I’ve made good investments, saved aggressively, and chose my profession well.

[Anonymous]

I didn’t get that nasty response to the single lady. People are so angry on this forum even with all the money

[Anonymous]

40 & 43.
HHI very recently $280k, used to be more like $220-$250k.
$650k retirement, $120k 529s, $400k equity, $30k cash, $50k non retirement investments, $40k stock options
so about $1.3 mil