Reply to What is your age and net worth?

Forum Index » Money and Finances

Reply to "What is your age and net worth?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]How did you all under 40 save so much money? I assume part of the pps here have really awesome paying jobs, but I can't imagine that majority of 35 year olds has jobs that pay over 300K. Was it a trust fund? Parents buying houses? What is it, honestly? If you had absolutely no money coming from parents or grandparents how are you saving so much?
[b]Or is it that only rich are posting here and those that live pay check to pay check are not posting?[/b][/quote]

Isn't that always the case with any type of money question here or on the internet generally? The 37 year old sitting at 1.2 mil or 5mil or whatever has no problem letting that be known. The 37 yr old at 100k or 300k or in many cases -100k bc school debt still isn't paid off and the house has no equity yet is going to stay silent after seeing the staggering numbers in the multiple millions.

That being said I think for a lot of people here -- they started in biglaw; even if you don't make partner/don't stay to make partner, if you are able to hold onto your job for 7 or so years AND you had reasonable (100k or less) school debt, you had a lot of potential to save and invest from age 25-32. So that "nest egg" is set young and keeps on growing even as many then go onto 150k government or 200k in house jobs -- sure they still save on those jobs too, but it's really the initial nest egg that's growing.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics