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

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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.

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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.

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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.

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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

.

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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.

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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

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