Reply to Networth as a multiple of your income

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Who even calculates this crap? We're 35, bought our first house 12yrs ago (thank God!) And have been maxing out 401k ever since. We keep cash reserves near 100k and that's about it.

Have no idea when we'll retire. 70 maybe? I'm not sure we're even the retiring types.[/quote]

People who started their 23rd year with large student loan debts and no help from parents for a down payment. Must be nice. [/quote]

No help from parents here which is exactly why i worked all through college to pay cash as I went.  That's why I did 2 years ad Northern VA community college and then transferred to UVA. I knew that in being financially on my own that I didn't have thr luxury to follow the same path as many of my peers. With community college, there really is no reason to carry around enormous debt loads.

Back 12yrs ago when I bought my first house (2002) there was no need for anything more than a 3% down payment. I do feel terrible for 23yr olds today. Housing here is impossible.[/quote]

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