32M - getting out of Real Estate after a loss that was hard to swallow. All I can say is I tried. Afterwards, I’m estimating my total cash and I will likely exit with around $40K cash, $240K Roth, $60K equity in my last property (LTR I’m keeping).

I make $220K per year, no kids, no car, no other debts. I pay $2K in rent split with my girlfriend.

Not ideal, but how far behind am I to my peers?

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Posting as :
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Great news! From an income perspective you’re ahead of 97% of American 32 year olds and 95% of Americans in general.

A net worth of $340k puts you ahead of 84% of Americans in the 30-34 age bracket.

Not sure what your goal is, or who the people you’re comparing yourself to are - but you are still crushing it compared to the rest of the world…

likesmart

You’re doing fine, and you learned a valuable lesson.

Long term stock index investing has never failed.
If you commit to it for life, you will have huge success.

likesmart

What was the loss?

Also, 34F here- you’re not behind. Hang in there

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Multiple break-ins, a tornado, contractor exits, roof failure, mold. Just to name a few.

31M. Married with 1 kid. Wife SAHM. I make 150

~400k invested (401k, HSA, brokerage, IRA)
~30k cash emergency
~300k home equity (owe $185k for another 22 years)

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1x your income in retirement in your early 30s I think means you’re on a good track.

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Condolences. Managing property is risky and can be a real pain. I am glad that it feels like it was a lesson rather than just a disaster. :)

Compare yourself to your goals, not others. :)

How much do you save and spend each year? When do you want to retire? How much would you spend in retirement? Are there other big financial goals?

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You make $220k, you’re not behind your peers.

Do you plan to have kids? That’ll change everything.

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With your income, you are fine. Save aggressively and avoid lifestyle creep.

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Interested to know more about your loss in Real Estate and lessons you learned. Thanks

Thanks for providing the context. I’m curious to know where the property is located. Is this in Florida?

$2K in rent is my portion of the $4k lease btw

I don’t know how to rate anymore, lol all I am targeting is 500k. Started working officially in us from 2021, nothing to my name. 184k right as salary, 250 in $$, 68 in 401k. All in all 250k. I am 32 too so I would say ur doing better

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