Anonymous wrote:OP Here: It kills me that our student loans take so much of our monthly budget. That's where we get into income, etc..... The minimum is LOW, which only makes the balance grow, and the Trump/Biden student loan forbearance makes the minimum and interest 0 for the past two years. Because the balance would actually grow if paying minimums, during normal times, we regularly put in 1800-2000 monthly to bring the balance down. We have continued this during forbearance. The loan is related very very very specifically and directly to DH's career, and the job pays well.

I feel like anyone with the wherewithal to keep this level of bookkeeping should be able to earn more and have a higher net worth. OP, you are underemployed.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:36 yo SAHM:

Cash: 65k
Brokerage: 28k
HSA: 8.5k
Retirement: 315k
IBonds: 67k
Other investments: 70k

Total: 553.5k

40 yo spouse:

Cash: ? estimate 100k?
Brokerage

Retirement estimate 500k?
Ibonds: 10k
Paid off rental: 250k
Future housing fund (currently in employer paid temp housing): 375k

Total: 635k plus another estimated 600+k

Net worth: Over 1.1 mil for sure, probably closer to 1.7mil

You're a SAHM and have no idea what your family NW is? Girl this is a receipt for disaster.

Why would I? I'm not listed on my husband's brokerage accounts or TSP. I know the accounts exist, where they are and generally what he's invested in, but it's not like he shares the online statement with me on the 1st of every month.

I think PPs point was you are putting yourself at a disadvantage by not knowing your family's net worth. Frankly, you should have as much access to the brokerage account as your husband, unless it was an inherited or premarital asset he's intentionally not comingling.

Late 30s couple, 1 elementary school child:

$650K - home equity ($850K value less $200K mortgage)
$400K - retirement
$160K - brokerage acct, ibonds, and cash

Plus our Toyota. That’s about it. No other debt. So about $1.2 million.

Anonymous wrote:

Anonymous wrote:36 yo SAHM:

Cash: 65k
Brokerage: 28k
HSA: 8.5k
Retirement: 315k
IBonds: 67k
Other investments: 70k

Total: 553.5k

40 yo spouse:

Cash: ? estimate 100k?
Brokerage

Retirement estimate 500k?
Ibonds: 10k
Paid off rental: 250k
Future housing fund (currently in employer paid temp housing): 375k

Total: 635k plus another estimated 600+k

Net worth: Over 1.1 mil for sure, probably closer to 1.7mil

You're a SAHM and have no idea what your family NW is? Girl this is a receipt for disaster.

Why would I? I'm not listed on my husband's brokerage accounts or TSP. I know the accounts exist, where they are and generally what he's invested in, but it's not like he shares the online statement with me on the 1st of every month.

Late 30s.

Asset
House - $1.8M value, 600k loan.
Stocks/retirements - $820k
Cash - $60k

No debt

$2.1M NW

Late 40s

Asset ---- Liability
$750k home ---- $0 mortgage
$50k checking/savings at Ally
$4M brokerage/alt. investments
$1M retirement

Net worth: $5.8M

This does not include college savings which should be enough for all our kids to do undergrad in a private college if they choose, or undergrad + grad in-state.

Early 40s:

Asset ---- Liability
$3.5 home ---- $960,000 mortgage
$20,000 ibonds
$1,791,000 brokerage/alt. investments
$626,000 retirement

Net worth: $4,977,000

This doesn't include spouse's retirement accounts (over $1m), equity in business, or our kids' 529 plans (currently $290,000 between 2 kids) because I just don't like to track those in net worth for my own reasons that I don't care to defend on here.

Early 50s:

Asset ---- Liability
$1.5 home ---- $520,000 mortgage
$60,000 checking/savings/ibonds/CDs
$1.8 brokerage/retirement right now ---- $0 current CC balance, $0 student loans
$20,000 auto values ---- paid off

Net worth: $2.8

Anonymous wrote:36 yo SAHM:

Cash: 65k
Brokerage: 28k
HSA: 8.5k
Retirement: 315k
IBonds: 67k
Other investments: 70k

Total: 553.5k

40 yo spouse:

Cash: ? estimate 100k?
Brokerage

Retirement estimate 500k?
Ibonds: 10k
Paid off rental: 250k
Future housing fund (currently in employer paid temp housing): 375k

Total: 635k plus another estimated 600+k

Net worth: Over 1.1 mil for sure, probably closer to 1.7mil

You're a SAHM and have no idea what your family NW is? Girl this is a receipt for disaster.

36 yo SAHM:

Cash: 65k
Brokerage: 28k
HSA: 8.5k
Retirement: 315k
IBonds: 67k
Other investments: 70k

Total: 553.5k

40 yo spouse:

Cash: ? estimate 100k?
Brokerage
Retirement estimate 500k?
Ibonds: 10k
Paid off rental: 250k
Future housing fund (currently in employer paid temp housing): 375k

Total: 635k plus another estimated 600+k

Net worth: Over 1.1 mil for sure, probably closer to 1.7mil

Early 40s (now in the Midwest):

Asset ---- Liability
$450,000 home ---- $175,000 mortgage
$512,272 checking/savings/brokerage/retirement right now ---- $0 current CC balance, $0 student loans
$22,000 auto values ---- paid off

Net worth: $809,272

This might not be great for DC, but it's very good for around here.

We're in our 30s, no kids.

Checking/saving: $145k
401k/retirement accounts: $527k
I bonds: $10k
Home equity: $340k
Car equity: $39k

NW: ~$1M

39/40, one kid.
Home equity: $550k
Rental equity: $40k
Checking/savings: $40k
Ibonds: $10k
Retirement: $725k
Brokerage: $450k
CC: -25k (don't carry a balance)

Things that I know "technically" count but that I don't mentally include:
529: $60k
Car value: $27k, $5k outstanding

So NW ~$1.7M

And OP, we broke through from negative networth in our early thirties too. People say "the first million is the hardest" but actually getting to zero from negative six figures is the hardest. Then the good habits you've built and effort snowballs on itself. Just keep plugging away.

I’ll play:

-House value $815k, mortgage $285k ($530k equity)
-Weekend home value $325k (owned outright)
-Recreational land value $250k (owned outright)
-Brokerage account $515k
-TSP account $135k
-Bank account balance $50k

Total net worth $1,805,000

I’m a divorced 48 year old woman.

44/46

House: $7.5M
Vacation house: $2.7M
Stocks: $2M
Roth IRAs: $1.8M
401k:800k
Wholly owned businesses: $12M
Business minority interests: $3.5M
Residential rentals: $5.5M
Commercial rentals: $7.4M

Debt across all assets $13M ($3.75M mortgage; $9.25M business/ real estate related)
Property held for development: $5M
Cash: $1M