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How much money did you have saved by the time you were 30?

likehelpfulsmart
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I don’t know that I even tracked net worth at 30, but was probably in 500k range, between 401k and real estate equity on multiple properties. Was recently married then, and my income was just under $100k at the time. I turn 40 this month and we are around $4M all in, nearly split between investment accounts and real estate equity. Own about $4.5M in real estate now, and it’s been a great way to build passive income, in a tax efficient way. Realize this may be a generous accounting of net worth (pre tax accounts, and real estate transaction costs, etc. etc.) just posting as an encouragement on where it can go over time for those in their 30s. And, for what it’s worth, I’ve done the math on what it would have been if I would have purchased less real estate and plowed $ into investment accounts alone, assuming healthy equity returns…not nearly as pretty of a picture.

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One downside of my approach is I’ve constantly managed a lot of debt…a ton relative to my income. Dave Ramsey would most surely call me an idiot.

funny

I had about $60k in a 401k and (at best) $10-20k in a checking account when I was 30. At the same time, also had $70k in student loans so was basically breakeven at that point in life.

Few contributing factors:
- took 4-5 months off both before and after grad school in my mid-20s, this ate into my savings substantially
- lived in an expensive neighborhood in NY (~20% of income on rent)
- made ~$250k at that point, but was banking on my income going up a lot as I got older so optimized more for lifestyle over saving

Looking back, it worked out fine, I've got a very nice home and 7 figure savings cushion now (8 years later). That said, if I could go back and do it again, I would've saved more. Specifically, would have put away 5% of every paycheck when I was making min wage as a teenager, then gradually worked up to 20-25% by putting a small portion of each pay increase directly into savings (and then not spending it). My net worth wouldn't be all that different now, but I would've been a lot less stressed out along the way.

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A whole bunch of you were born on third base. Jesus. At 30 all I had was debt and kids.

likefunny

The way you talk isn’t very like-able director 2, maybe don’t make broad generalizations next time and people won’t call you out! a little life lesson :)

On track for $1 M but I’m probably an anomaly. At $550k now at age 25.5

likefunnyupliftingsmarthelpful

Looks like m? What do you mean?

29
Around 26k in 401k, 18k in fidelity, 1k in coinbase, 6k savings, another 12k in a second retirement account. I can be doing much better but that’s ok. On my own path and know what I need to do to hit my goals. Started work full time maybe 4 years ago.

likehelpfuluplifting

Ayee! I’m former Military too! Although my only active time was for a deployment and training and stuff. So graduated idk year and a half/two years later than I would’ve. We’re employed and both probably making solid money so that’s good enough!

likehelpful

$420,690

likefunnyupliftingsmart

I hope it’s all in $SHIB and $BABYDOGE

funnylike

Just a quick reminder for all of us normal people - don’t compare yourself to the top 99.9%; live your life, save reasonably and have a good time. 🤙🤙

likeuplifting

I’m 30 and here’s me

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likeupliftingsmart

Mint

Mortgage Debt - (260,000)
Home equity: 300,000
Tesla Stocks: 155,000
QQQ: 120,000
401k: 19,000
Gold: 25,000
ETH: 8000
Doge+SHB: 12000
NFT: 6000
Rental property debt: (500,000)
Rental Property Equity: 80,000
Total: (35,000) :)

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Sorry when you say equity, did you actually mean the fair value? Rental property has truly tanked if this is true. If not, then just add all the equity up without any subtraction of debt. :)

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25
Like 15k in my 401k
And 15k in checking
~20k in equity
Still looking for a home and a job in FAANG lol

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Really? Most people seem to have way more lol

likeupliftingsmart

-$50k and +14 bitcoin so still a net positive.
Thinking about selling some of the bitcoin to pay off the debt but also HODL!

likesmart

@A3 I’m still holding some too but ride it out until another ATH if you can

Give us some serious answers people, I promise I’ll like all your jokes later. Need to know whether it’s worth burning through my savings this summer 🙃

like

@m&c 1 preachhhhhh. I have blown throw my savings and maxed out my cards and paid them off several times. When I finally addressed my demons I didn’t play ever again because at the bottom you realize quick the value of a dollar and savings

More than some, less than others.

like

The only relevant answer here. Comparison is the thief of joy

likesmart

-$28,765.

like

$350K but that’s from living well beyond my means. Didn’t even hit 100k salary till 30. Excited to see where I can go now that I’m making a bit more

likesmart

I know! That’s my fear lol

Better question is how much fun did you have by the time you were 30?

likeuplifting

Entirely too much, but happy for it

like

At 30 I was $80k in debt.

At 35, I’m $80k in debt but with ~$30k in retirement savings. 😂 At least I have a decent job now!

likefunny

At 36 I was 30k in debt. At 37 I got rid of the debt and have a few k in savings. It’s never too late!

like

1.1m net worth when I turned 30 this year.

I've been tracking every month since 2015. Really grateful to land major salary increases early in my career, save a high %, and go through a record breaking bull run.

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likesmart

What do you do. Lol.

Negative $150k. Was in grad school and spent my 20’s traveling the world and figuring out my life. Looking back, no regrets.

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Nothing saved. Was living an amazing life in NYC setting myself up with knowledge and experiences that have taken me far.

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Damn, my goal by 30 was just to be debt free 😩

likefunny

sameeeeee. then i can ride into my 30s with guac on my chipotle

funnylike

~$200k (including savings, whatever I personally invested, and 401k)

like

How old are you now?

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Anyone else creep out family/friends because you know which airline they're flying based on where they're departing or connecting?

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