35- 40 year olds - what's your NW?

[Anonymous]

Anonymous wrote:

Anonymous wrote:We’re a little younger but close enough - 32/34, $1.7M NW, HHI $800K (but just started making this hence the lower NW relative to income). Nothing inherited. No kids yet.

Idk if I’d consider us wealthy millennials though? - we’ve got a lot of friends our age worth $5-10M+ via early exits or strategic investments and that’ll just compound over time. DH’s best friend is at OpenAI and I think his PPUs alone are valued at like $40M for an L5 role now that they’ve removed the PPU cap.

Better for that best friend to diversify into total world index this year.... just saying

Maybe. Lots of public co’s that also aren’t profitable and OpenAI is looking to IPO at $1T+. We’ll see if the whole “massive recession in 2026” theory pans out, we’ve all read the white paper.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$650K HHI, 30/28. Work in data/tech field. NW of $4M with $300K gifted from family and two rental properties about 50% equity in rentals.

You know how I know it's made up, unless you inherited the rentals? Because I am also high NW - $6m at 47. Bought two rentals in DC at 26. Rentals are only profitable if highly leveraged and if improved (if you buy a key ready property all profits/cashflow remains with the seller). Most can't afford to build a good multi-unit even at $650K joint income, and you probably were making about $300k upon graduating colleges. It took me about 10 years to fully pay off the rentals and make them the cash cows.

So if you started buying in early 20s, you would need at least $1m to start a rental business, and it would take you to early-mid 30s to build that 50% equity in the rentals.

Keep writing fairytales here

They probably forgot they inherited the rentals. Sounds stupid but I replied earlier (not the PP you quoted) and forgot that we also inherited a duplex that gives us another $500K in NW and that we’ve got a 6 plex coming our way worth $2M (land value only) that we already technically own via being on the title but don’t collect any rent on (rent goes to my parents)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$650K HHI, 30/28. Work in data/tech field. NW of $4M with $300K gifted from family and two rental properties about 50% equity in rentals.

You know how I know it's made up, unless you inherited the rentals? Because I am also high NW - $6m at 47. Bought two rentals in DC at 26. Rentals are only profitable if highly leveraged and if improved (if you buy a key ready property all profits/cashflow remains with the seller). Most can't afford to build a good multi-unit even at $650K joint income, and you probably were making about $300k upon graduating colleges. It took me about 10 years to fully pay off the rentals and make them the cash cows.

So if you started buying in early 20s, you would need at least $1m to start a rental business, and it would take you to early-mid 30s to build that 50% equity in the rentals.

Keep writing fairytales here

They probably forgot they inherited the rentals. Sounds stupid but I replied earlier (not the PP you quoted) and forgot that we also inherited a duplex that gives us another $500K in NW and that we’ve got a 6 plex coming our way worth $2M (land value only) that we already technically own via being on the title but don’t collect any rent on (rent goes to my parents)

Yes, they certainly forgot to mention the rentals were inherited. You can't build equity in RE that fast - takes 7-10 years and requires at least a million investment plus $1.5m borrowing capacity to build multiple units. Single family homes return under S&P. Multi-units and commercial are the best investment vehicles returning like QQQ but highty leveraged

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$650K HHI, 30/28. Work in data/tech field. NW of $4M with $300K gifted from family and two rental properties about 50% equity in rentals.

You know how I know it's made up, unless you inherited the rentals? Because I am also high NW - $6m at 47. Bought two rentals in DC at 26. Rentals are only profitable if highly leveraged and if improved (if you buy a key ready property all profits/cashflow remains with the seller). Most can't afford to build a good multi-unit even at $650K joint income, and you probably were making about $300k upon graduating colleges. It took me about 10 years to fully pay off the rentals and make them the cash cows.

So if you started buying in early 20s, you would need at least $1m to start a rental business, and it would take you to early-mid 30s to build that 50% equity in the rentals.

Keep writing fairytales here

They probably forgot they inherited the rentals. Sounds stupid but I replied earlier (not the PP you quoted) and forgot that we also inherited a duplex that gives us another $500K in NW and that we’ve got a 6 plex coming our way worth $2M (land value only) that we already technically own via being on the title but don’t collect any rent on (rent goes to my parents)

Yes, they certainly forgot to mention the rentals were inherited. You can't build equity in RE that fast - takes 7-10 years and requires at least a million investment plus $1.5m borrowing capacity to build multiple units. Single family homes return under S&P. Multi-units and commercial are the best investment vehicles returning like QQQ but highty leveraged

Forgot to add, I was making $300k (corporate income) back in 2008 when I started the RE business, e.g. the rough equivalent of what they make now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We’re a little younger but close enough - 32/34, $1.7M NW, HHI $800K (but just started making this hence the lower NW relative to income). Nothing inherited. No kids yet.

Idk if I’d consider us wealthy millennials though? - we’ve got a lot of friends our age worth $5-10M+ via early exits or strategic investments and that’ll just compound over time. DH’s best friend is at OpenAI and I think his PPUs alone are valued at like $40M for an L5 role now that they’ve removed the PPU cap.

Better for that best friend to diversify into total world index this year.... just saying

Maybe. Lots of public co’s that also aren’t profitable and OpenAI is looking to IPO at $1T+. We’ll see if the whole “massive recession in 2026” theory pans out, we’ve all read the white paper.

The roaches are already crawling...

[Anonymous]

37/39, NW of 22M, 3M HHI and two kids. No inheritance or family support, just roaring tech market. Our spend is about 300k/yr and we donate 250k/yr to charities.

[Anonymous]

Anonymous wrote:37/39, NW of 22M, 3M HHI and two kids. No inheritance or family support, just roaring tech market. Our spend is about 300k/yr and we donate 250k/yr to charities.

Wow, that’s incredible. What do you guys do for a living?

[Anonymous]

Anonymous wrote:37/39, NW of 22M, 3M HHI and two kids. No inheritance or family support, just roaring tech market. Our spend is about 300k/yr and we donate 250k/yr to charities.

That's extremely low spent for your HHI

[Anonymous]

36 and 39. Three kids. I’d say our nw is around 2.1M. 500k was gifted in form of down payment.

HHI is around 550 but I (dw) am probably losing my job next year so it will go down to about 375 if I don’t find something else.

[Anonymous]

Early 40s so not quite in the age range, but we’re at about 6 million. 2.6 million retirement, 1.8 taxable/cash, 550k 529s, 1.0 million home equity.

HHI 650. Typical bonuses an extra 150-250.

Just trying to plug away so we can retire early 50s. If we both lost jobs we could make it work but could not maintain exact lifestyle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:37/39, NW of 22M, 3M HHI and two kids. No inheritance or family support, just roaring tech market. Our spend is about 300k/yr and we donate 250k/yr to charities.

That's extremely low spent for your HHI

It's also an extremely high spend in general.

Thinking you need to spend more because you're making more is crazy. $300k is more after-tax money than probably 90% of households make, it's more than enough to live a luxurious life.

[Anonymous]

Married with two kids, net worth is 60K...oh....

Oh...it's one of those threads. (but yes, if I was to subtract mortgage it was be barely 60K because I'm supporting my immigrant parents).

Let me know if anyone wants to send me some money, would love 40K to make that a clean 100K net worth!

[Anonymous]

Anonymous wrote:

Anonymous wrote:37/39, NW of 22M, 3M HHI and two kids. No inheritance or family support, just roaring tech market. Our spend is about 300k/yr and we donate 250k/yr to charities.

Wow, that’s incredible. What do you guys do for a living?

"roaring tech market"

[Anonymous]

Anonymous wrote:Married with two kids, net worth is 60K...oh....

Oh...it's one of those threads. (but yes, if I was to subtract mortgage it was be barely 60K because I'm supporting my immigrant parents).

Let me know if anyone wants to send me some money, would love 40K to make that a clean 100K net worth!

ask 20+ mil NW poster with 3mil yearly HHI to send you some, they donate 250K to charity
Or ask for tips on how to make 8 figures with less than 2 decades of work experience in the "roaring tech market"

[Anonymous]

Anonymous wrote:

Anonymous wrote:Married with two kids, net worth is 60K...oh....

Oh...it's one of those threads. (but yes, if I was to subtract mortgage it was be barely 60K because I'm supporting my immigrant parents).

Let me know if anyone wants to send me some money, would love 40K to make that a clean 100K net worth!

ask 20+ mil NW poster with 3mil yearly HHI to send you some, they donate 250K to charity
Or ask for tips on how to make 8 figures with less than 2 decades of work experience in the "roaring tech market"

That’s kinda low on DCUM these days. I’m routinely seeing $250HHI with $6-10M @ ~40 yo.

DCUM savings rate is outpacing inflation these past few years by a wide margin.