Mid thirties, three kids. HHI varies but is usually around $500k.

Net worth = close to 3 mil.

We're doing ok. Could be better, could be worse. Obviously we're saving more than average but we hang around with a lot of really rich people which makes us feel like the poor ones.

40/41
HHI: retired
NW: 150M
Excluding primary residence: does it matter?

Who are you people? And I thought we were doing well! Wrooooooong!

38/40
1.75M hhi
10.8M net worth excluding primary residence.
No trust fund or inheritance of any kind.

Home Equity - 800K

Rental Property - $200K (paid off)

HHI - $800K +/-

401Ks - $2.2M

Investment Accounts - $400K

Misc Accts/Cash/Insurance Cash Value - 300K

41/44 - one child

Anonymous wrote:Oops. I'm the above poster, husband and I are both 41, we have 4 children.

I bet I know you IRL. Now I'm going to try to figure this out.

Oops. I'm the above poster, husband and I are both 41, we have 4 children.

Home Equity` $825,000
His 401K, 450,000
my 401K, 100,000 (I SAH)
Company Stock, 325,000
Investments/stocks, 475,000
Cash, 80,000
Trust Fund, 8 Million

HHI 300K

Me 34
Wife 32
Child 1
HHI 260k

401ks/IRAs: 300k
Taxable investment account: 110k
Savings/Checking: 30k
Home Equity: 250k (approx. 700k house with 450k mortgage)
Student loans: -110k
NW: 580k

Feeling ok. Our expenses are too high. We live in the District. Staying the course will be fine, but we're on the slow road to wealth.

Me 35
Husband 38
HHI $360

401Ks= $240K
Company stock= $100K
Savings/liquid investments= $140K
Equity in house= $400K (approx)
student debt = $50K
Net worth= $830K

Did i do that correctly? I feel like we should be farther along. We have no kids so we should be able to save more. Good wakeup call!

35. HHI $95k. Net worth $300k. No real estate yet, but I would like to buy a townhouse next year.

Anonymous wrote: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)

It's probably not something worth stressing over. If you're living on $60k now AND you're saving for retirement AND you're paying your mortgage, when you actually get to retirement, then the mortgage payments will be gone, you won't be *saving* for retirement, and you can add Social Security into the mix.

People have problems when they're living on $400k and have nothing saved. But when your needs are low, they're that much easier to meet.

Anonymous wrote: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)

Thank you for posting. This is the reality for many outside the DCUM bubble.

I am a single parent, 52, and doing worse than you in retirement, but a little better in other accounts. My biggest asset is my house. Without that my net worth is about $240,000, with 1 1/2 years of college already paid for for DD, so net worth would have been higher earlier last year before she started school. HHI is $90,000.

Anonymous wrote: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.

Our jobs don't require us to live close-in. I promise that you have no idea how much cheaper everything is when you're not close in, from plumbers to preschool. That's also 1.5 incomes (one is part time work at home) so childcare costs have always been minimal.

We've been married 12 years, and always saved a good amount, assuming that my income would go away, but it never has. That would be my advice: pretend you only have one income. Have the other one directed to entirely separate accounts that you never see.

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

np. It is, but it's not earning you any money. I have a $500k house paid off, and that's certainly better than paying a mortgage or rent, but I don't really count it when I think of net worth, just like I don't count the value of my cars.

I count money that is generating returns for me. Including 401(k). Rental real estate, too, if applicable.