Anyone here with a negative net worth (excluding 401k) in their 30s? Or am I an outlier?

like
Posting as :
works at
You are currently posting as works at

I was in the red, including 401k, until 32!

likeuplifting

Same story but until I was 39! 😬

uplifting

MBA put me down 100k in my late 20s. By 35 I was net positive, mostly home equity. Few years later I'm up 300k including a small 401k, which lags as I got a late start. Just make smart choices. Pwrsonally, I'm considering alternative lifestyles. I don't want to work till 62.

likeupliftingsmart

400k positive at 29

funny

Was that the question? Jesus some of you have the social skills of a flea.

like

Definitely in the red at 32. “Luckily” all student loans and I own 60% of my modest home. Have a 9-year old kid to show for it.

like

I crossed over to + after buying my current house in 2019. Spent the past few years paying off a stupid amount of CC debt racked up in my 20s/my husbands previous divorce. Still paying off some student loans & getting right side up on one of the cars.

likeuplifting

31, and negative net worth. Divorce cleaned me out and in an effort to make sure my children are in the healthiest & most stable environment possible, I still pay the mortgage on their house while I have gotten my own place. Lawyers ain’t cheap either, and I had a fairly amicable divorce.

I’m hoping to be in the black in a few years. But considering how hot the market has been the last few years, I don’t know if that will happen.

like

Nope, I’m going to spend the next year paying off my consumer debt and figure out my student loans later.

uplifting

me! solid red

uplifting

Stuuuuuudent loooOOOOans
(In my best Jean Ralphio voice)

uplifting

.

Post Photo
likefunny

Well, it depends on how you define that. I've got a mortgage.... So, that kind of has me in the hole. Although, the retirement accounts probably get me out of that hole

Technically it's both an asset and liability with the delta being equity.

like

I’m in the red (mid 30s male and a few kids). My home has appreciated in value, which is great. 30% equity in my home. If I consider only the equity and not the rest of the mortgage then I’d be in the black.

This is why I don’t think you should pay for an MBA unless it’s the top 7 schools. If you are going to a top 2 make sure the MBA is free.

I have a massive undergrad loan balance and it’s because of this why I’m strongly considering not doing an MBA, especially being at a firm that promotes directly to post MBA level and salary

Top 20*** and agreed SM1

like

Related Posts

Hi,

Does Nagarro provides internet reimbursement?

like

My father took a home loan, and the same home is kept as mortgage.
I'm paying arround 22k emi for the same but unable to exempt tax as the loan is on my father's name.

I googled a lot how to transfer it but neither gift deed nor sale deed would work as the property is on mortgage that's under bank's ownership (until loan is fulfilled).
Tax is also getting deducted, I'm paying hefty emis.
What can I do?
Please advise 🙂

likefunny

I have a Fidelity Brokeragelink account for my 401k. Every other year I switch from pre and post tax contributions. My money is spread over 3 ETFs currently. Does anyone know how this is tracked? Say if $100k is traditional 401k and $100k is Roth 401k, but they’re mixed, how can Fidelity track what funds are Roth/traditional? If I’m up 300% in ARKK, how can I or anyone else at fidelity tell if the cost basis was pre or post tax contributions?

like

Anyone heard of Prescient Healthcare Group?

like

All compensation-related post should follow the below template.

Years of Experience:
Current Organization:
Company:
Title/Level:
Salary:
Bonus:
Stock:
Total comp (Salary + Bonus + Stock):
Benefits:

like

Hi everyone

Is there any disadvantage if I get relieve on Friday compared to on Monday?

What I am thinking is I will be loss pay for sat and Sunday?

Actually my last is 27th
I asked for a week early relieving so thinking about this.

Thanks.

like

This week in homebuying horror stories: offered $60k (10%) over asking on a house. Got beat by a last minute all-cash offer from an out of state buyer who was buying sight-unseen.

This is the worst.

likefunny

Do any of you participate in employee stock purchase program? I’m at an IPG firm FWIW.

like

These are the benefits for a client we’re working with that needs Sales Engineers and Applications Engineers ASAP! These are regionally specific jobs that can sit in SC, CA, NC, GA, anywhere from Houston to Chicago - pretty much just hit me up if you’ve got an engineering degree and some moxy!

Post Photo
like

I’m currently at a boutique agency where it’s just me and my boss doing RM for about 200+ people. I have been there for almost a year and have implemented some new processes that are starting to help streamline the process. I currently make $85K. Is this an appropriate salary for my level? I am being approached for RM roles at consulting firms and other agencies. I like the idea of building something here but would also like better benefits (more vacation, better mat leave).

What are ways I can spend my $200 airline credit for the Amex platinum ? I saw upgrades don’t count and I have status so already get free baggage, lounge etc.

like

Anyone ever have experience negotiating a new offer to include unvested 401k match and stock grants from your current employer? I hate leaving money on the table but there are some good roles out there. I’m not fully vested in my current 401k yet and my stock grants haven’t matured yet either. This would be at a global director level.

Buying our first home and from a friend, we are both not using realtor. How do you got about doing this, does some have a playbook I can use?

like

Have 50k in a checking account at a local bank getting no returns. I like having liquid assets since I support currently myself & girlfriend and any unexpected expenses my mother & younger brother have. Any advice how to calculate what I should keep on reserve vs. invest + learn about consequences of pulling investments early (more tax, fees, etc.). I feel like the inability to access funds when my family needs it has been the reason I haven’t invested outside of 401k and have this cash reserve

like

I have significant equity in a property (300k+) and maybe another 200k across other properties. I have a decent amount of money in cash and already 200k or so in stocks. Would you consider pulling money through cash out refi and using it? I get nervous for stocks being so high. I have a few properties in pipeline already. How would you suggest using it (if at all).

like

How can I invest in real estate ? Looking for an additional passive income source

like

I’m loyal to delta, but I’m moving to a city where American is the main hub and Delta has practically no non-stop flights to/from there. It’s time for me to open a new credit card, so I was considering the Citi/American one. Any thoughts?

like

What is the average salary for an account manager in employee benefits at brokers firm? And what about a senior account manager salary? I have 7 years of experience in the health insurance industry. I want to see if I’m on track or if it would be out of line to ask for a raise.

like

More Posts

like

Anyone at Morgan Stanley willing to put a referral in for me?

like
likeuplifting

Hi Folks,

Open for any referrals as a marriage prospect.

I am 28, Brahmin , 5'10
By profession , I am a B. Tech-15 passout and pursuing Modern MBA from a US college.
Doing well in job. In Startup cultures majorly.
Working as a Manager and handling multiple departments i.e. Operations, Customer Success, Inside Sales and Graphics currently.
Aspiring to become Growth Manager in near future.
Reports directly to CEO.

Anyone you know in your network can be a good fit for me , please reply or DM.

Post Photo
likeuplifting

Hi Fishes,
Please suggest a good project for java and spring boot developer in ibm ..Am looking for good tech stack and WLB

like

Hello people, need a suggestion, i am working on devops since a few months, and i have been given a task, the deadline of which is tomorrow eod, and i have not been able to do anything significant since the last 2 days 🥺. We r a team of only 3 ppl and no senior is helping me out. My lead will surely scold me Tommorow 😕 What to do? How to handle situations like this? Can they terminate me if i get in such situations again?

like

Any Alaska Airlines challenges going on now? Or do they match status?

like

Is there a clause in IBM if one separates before completing year.
Offer letter mentioned recovery of joining bonus if separation before 1 year. If i resign now ,my lwd is beyond 1year since I joined 10 months back. Which date will be considered here? Day of separation filing or actual lwd .
Also Can one can revoke separation at a later stage?

like

Are text message breakups acceptable? Better than complete ghosting right

like

Hi all! Any one have an opinion for average rent for a studio in Oakland / Berkeley/ Sf for a ~30 min commute to Embarcadero area in SF? I’m evaluating a job offer and debating whether it’s worth moving out to there from NYC.

like

Hello SLP team!! What are your average completion rates/ how much of your weekly times are you meeting? I’m really struggling right now and I’m afraid I’ll appear as low productivity

anyone suggest some good PG for men near deloitte Hyd office.

like

Required candidates with strong Ericsson knowledge with max 8 years of exp Ericsson

Hi Fishes,

Got a call from Trianz Bangalore location for Cloud Migration Solution Architect role. Can I have some insights about the Company.

like

When can we expect appraisal letters ?

If anyone needs a cfa tutor Dm me I tutor all levels.

like

9th September onwards, so called the grand programme for the next 3 Fridays for completion of 150 years!
Question to Leadership!
1. You are calling all the employees in the office & just providing lunch? That's all for completing 150 years?
2. You would ask questions, and whoever is able to answer it, you will give some merchandise only to them?, And the other people are not your employees?
Why are you even organizing it? You think people would come from far places just for lunch?

likeuplifting

If Arya Stark from GOT worked in advertising, she would be a strategist...

like

I haven't been to hyderabad before. What will be most interesting in hyderabad as a newcomer ? Any food and places to visit recommendations ?

like

'22 Lexus GX460 or '22 GMC Yukon SLT?
Both cost around the same - Lexus is more reliable and likely holds its value better but the Yukon is bigger and likely even safer.

like

Additional Posts in Consulting

Best way an new undergrad hire analyst made a great first impression you? Starting a new role soon and want to build a great reputation from the start. Maybe besides just doing great work.

like

What does bench life look like for you?
For me a typical day looks like this
9 am- sign in and check emails
930-11 : look for a new job
11-2 lunch and nap
2-3 : sometimes meetings, mostly begging people for billable work
3-4:30 - proposal work if I have it or more job hunting
5-9pm family time and dinner
10-3am - netflix, videogames, cry myself to sleep

likefunnyupliftinghelpfulsmart

Ladies be careful.

Post Photo
likesmarthelpfulfunny

Bain & Company Which are the best consulting firms and practices for Climate Change & Sustainability, especially in the Canadian geography? Also, please suggest the best Canadian city for consulting jobs.

McKinsey & Company | Boston Consulting Group | Bain & Company | Kearney | LEK | EY | Oliver Wyman | PwC | Deloitte

#ClimateChange #Sustainability #Water #ESG

like

What time frame is used to measure our utilization metric? I'm pretty sure it's not our fiscal year, but sometime around April '16 - March '17?

RC or MC? I‘m a new hire as a risk consultant (associate) and I originally applied for management consulting, but in the middle of the int process (2nd interview) they asked me if I would mind /cont.

like

Is the PwC Cloud computing and networking practice a part of pwc advisory ? currently looking at a senior associate/cloud analyst role - any insights on the practice/culture would be great!

like

Hotel or corporate housing? Benefits and drawbacks of each. This is for a long term engagement in Denver. I really like getting my Marriott points, but wouldn’t mind staying some weekends in Denver.

like

Hearing rumors about Huron layoffs. Any deets? Friend of mine said he got the "email".

like

Fellow EY 🐟. I left EY recently after two happy years there. How can I get the pension money back? I had around $1500 there and they are not able to help in EY-HELP3.
Can I at least do a rollover to an IRA?

likefunny

Got hired as a digital strategy consultant. I have over 10 years of industry experience but I’m new to consulting. What courses, workshops or books would you recommend to build a solid toolkit?

like

Y’all, besides total isolation, is the best social distancing trick I’ve ever seen. 😂😂😂

Post Photo
likefunnyuplifting

Any book recommendations for philosophy, psychology, and business? Or any book you read last year changed your values? Going to fly international, gonna read it on flight. 😍

like

How can I help people in an impactful way during this corona crisis? My bonus hit and I found out I’m getting another raise amid all of this and I want to help people who are struggling. TIA!

like

What's a good salary in CH for a Big4 for a Manager position? What benefits can be included?

like

Book recommendations on genetics and bio hacking?

like

Bain & Company What are the top consulting firms in the Climate & Sustainability space in the Middle East?

And, anyone willing to refer me to their company? Thanks!

Oliver Wyman Deloitte Accenture EY McKinsey & Company Bain & Company Boston Consulting Group Kearney Roland Berger PwC KPMG

like

Top consulting firms for building mobile apps - IOS or Android?

like

I find myself struggling the explain things with the same eloquence as my colleagues. How can I improve my consulting speak? Any recommended books?

like

I’m joining a firm in June as an MBA new hire. They just emailed to tell me my job is safe for now, but if things continue to spiral downward that I may not have a job. How worried should I be?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal