Age: mid-thirties (self) and early thirties (spouse)
Two income household
1 toddler - no other dependents
Loans: student loan paid off, no credit card debt, own a house (30-year mortgage), car loans (~$25K), 401k loans ($40K),
Cash + stocks: ~$400K
401K: ~$120K
No trolls - trying to get a genuine discussion going on the net worth by age/stage of life
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comments
You’ve not stated any goals, so it’s just a beauty contest? There are posts like this every week, just go browse one of those!
1. what has all the past hard work led to? on a relative basis as on an absolute basis most of the readers/participants spending time on this forum are probably doing just fine (assumption since they choose to come here vs, doing a second job/shift somewhere else)
2. assuming similar situations, where have others landed over a period of time. for e.g. households with one mortgage but two-incomes have managed to reach state X. Granted we are not discussing many other factors such as lifestyle, life events, etc. but that is because this exercise is not with your financial advisor but on a random, anonymous forum.
hope this helps clarify!
how much hard you now need to focus on monetary side of life vs. focussing on other things (e.g, health, family, hobbies etc.)
One income household
3 kids
Loans - None
House and cars paid off
Net worth $ 6 Million
Single income, zero debt, paid off car.
600k net worth, 100 in 401k, rest in various stocks and cash.
$2.5k cash
$75k student debt
$14k 401k
One kid less than a year old
$550k cash
$420 retirement and stock
$325k equity in home
All cars paid off
Invest 50% of our take home income
Sold a property which is why I have the cash hoard. Maybe I'm being dumb but I'm waiting for a market correction.