Anonymous wrote:It would take me about 15 years at my current HHI to get there - how did you manage to do it at 35? Spouse and I are in our late 20s and could definitely use some tips.

Since this is about the 10th thread on this topic, I can almost guarantee that the answer will be that they bought $25k worth of AAPL or AMZN with their college graduation money.

Anonymous wrote:Ages: 29 and 32
HH1: $250,000
Net Worth: $300k - FWIW: Law student loans paid off. No car loans. No home equity or mortgage (we rent).

PP here. I should answer the second part of your question. I don't think I am behind where I should be, but I am not entirely happy with how we are doing. We are saving slow and steady, but I feel like a hamster stuck in a wheel. Thinking of venturing off and starting a business...

To the 35 year old PP with a HHI of $225k, how long did it take you to get to $1.5M? I make a little more than you, live close-in and have one kid and put away 100k a year (which includes all savings - retirement, kids college, etc.). It would take me about 15 years at my current HHI to get there - how did you manage to do it at 35? Spouse and I are in our late 20s and could definitely use some tips.

53 years old with HHI of $60k. We have about $350k in retirement accounts. Less the $1k in other accounts. We have about $30k in debt outside of our house. Net - let's call it $320k net worth.

(We have a house and mortgage and have about $50k in net equity)

My financial situation was never good and has totally gone into the toilet in the last decade. It's the biggest stress in my life. But I love my career (such as it is)

Ages: 29 and 32
HH1: $250,000
Net Worth: $300k - FWIW: Law student loans paid off. No car loans. No home equity or mortgage (we rent).

I will answer but tell me how to calculate net worth - is that all money plus retirement plus home equity, or not retirement?

Yeah, I think you need to include home equity for this to mean anything. You can quibble about real estate bubbles, etc., but that's no different than money in the stock market!

My home equity is about 1.4 M
Stocks/non-liquid assets - 5M
Cash/fixed value assets - 2M
trust - 4.5 M

HHI - 250,000

Why would we do this half-assed? My $600k in equity is worth something.

44 years, $400k HHI and over $2.5M Networth

35. $1.5M invested. $225k HHI. (exurb)

I'm happy with how we're doing financially. I'm bored with my career.

Anonymous wrote:What a novel thread idea.

My thoughts exactly.

What a novel thread idea.

Anonymous wrote:Excluding real estate because you have to live somewhere and it's hard to assess equity in a bubble market.


Are you happy with how you are doing or do you think you are behind where you should be?

Why don't you start us off OP?

This whole excluding real estate in calculating net worth thing is so idiotic.
So you think a person with fully paid off house is In the same financial situation as if he were to have $1mm mortgage?

Excluding real estate because you have to live somewhere and it's hard to assess equity in a bubble market.


Are you happy with how you are doing or do you think you are behind where you should be?