net worth by age/stage of life

Feb 2, 2020 33 Comments

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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TOP 33 Comments
  • Google
    naradmun!

    Go to company page Google

    naradmun!
    What’s the point? There are people ahead of you and people behind you.

    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!
    Feb 2, 2020 2
    • Point is to get a sense for two things:
      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.)
      Feb 2, 2020
    • Google
      naradmun!

      Go to company page Google

      naradmun!
      Whatever makes you happy, my friend 🤣
      Feb 2, 2020
  • VMware
    hvMU56

    Go to company page VMware

    hvMU56
    Age: 48
    One income household
    3 kids
    Loans - None
    House and cars paid off
    Net worth $ 6 Million
    Feb 2, 2020 1
  • Microsoft / Eng
    germnshepr

    Go to company page Microsoft Eng

    germnshepr
    Age 26
    Single income, zero debt, paid off car.
    600k net worth, 100 in 401k, rest in various stocks and cash.
    Feb 2, 2020 8
    • New
      vouE06

      New

      vouE06
      The salary you mentioned was while you were in the military? Like you were working and studying at the same time?
      Feb 16, 2020
    • New
      vouE06

      New

      vouE06
      You're a beast btw haha
      Feb 16, 2020
  • 26
    $2.5k cash
    $75k student debt
    $14k 401k
    Feb 2, 2020 0
  • Data Foundry / Sales
    salesstrat

    Go to company page Data Foundry Sales

    salesstrat
    32 Dual income household
    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.
    Feb 8, 2020 2