How old are you, how many years out of undergrad are you, what city are you in, do you own a home, and how much liquid cash (checking/savings, trading, 401k) do you have?

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34, 11 out of masters (12 out of undergrad), Midwest, married, own a house ($215K in equity) and also 40 acres (hunting land and cabin, $80K in equity and fully paid off), $80K in cash, $660K in investment/retirement accounts

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Combined we are around $275K (Mid to low COL City). Yes plan to have a kid (been trying for several years and next step is IVF or adoption).

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It’s been great reading these. For those of you in your 20’s and 30’s- I cant stress the compounding of the 401k. I’m 19 years out and have maxed mine out most years and have approx 700k in mine and my spouse has the same. Those are on non-partner salaries. Early on, I didn’t as I didn’t understand much about investing. After my 1st or 2nd year, worked with a great Sr. Manager who taught me so much about 401k, IRA etc and watching the accounts grow has been awesome. In order of investments, my priorities have always been in this order- max 401k to government limit ($19.5k this year), Max Roth IRA (if you hit income limit, do a “backdoor” Roth IRA- super easy at E*TRADE), coverdell IRA (Max $2k/year per child) for my kids (not as important now since 529 can be used for undergrad) and then 529 per child. After all that, I do investments at E*TRADE. In my 20/30’s did more individual stocks. As I approach retirement, low cost index funds are treating me great. E*TRADE is very easy, tons of research available and cheap trading. Happy to answer any questions or be of any help. I wouldn’t know anything had someone not helped me many years ago. Best of luck!

likehelpfulsmart

.

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35, 11 years, northeast, own home and 3 rentals, approx 900k

likeuplifting

25, two years out of MPA, no home and ZERO liquid cash.

likeupliftinghelpfulfunny

Cash is solid, not liquid

likefunnyuplifting

Can we get one of the interns to compile this data in excel and do a correlation analysis?

likefunny

Please

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49, 28 years out of undergrad, NYC, own an apartment (technically shares in a Coop) about $3.5M in liquid cash (most of that in 401(k)) and trading)

likeuplifting

Thank you so much for sharing

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24, 2.5 years, DC. I rent a room, 1k in free cash and on the Dave Ramsey debt payoff grind 🤘

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Good for you! I agree that it works. Baby steps!!

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I have more scars than cash, more heart breaks than 401k but...I have heard my song on the radio while on tour...lived around the world...and have the best friends and family. 37 dead broke...

likeuplifting

How are you 37 and dead broke? Not being mean,I’m actually asking

Get a bunch of accounting and finance grads to compare savings...were bound to feel behind compared to someone else....but this will push me to keep going. Keep up the gr8 work Guys!

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26, 2 years out of undergrad, 1 year out of grad, rent, Chicago, only $3k in saving& Still paying off student debt, impressed by the other responses I feel so behind but inspired to save more!

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Exactly. This was a very eye opening thread. The kind of questions I’ve been wanting to ask my peers, but obviously couldn’t because of the sensitivity of it.

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Do you want the number with or without the trust fund?

likefunny

Yep

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31 Boston married - own a condo (200k equity), liquid cash and brokerage ~850k. Retirement accounts another ~200k.

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What are u an SM?

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23. Midwest. 1.5 years out of undergrad. Rent. Paying down $55k in student loan debt. $5k in liquid cash.
Feeling very behind after reading other replies

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I’m sure there are plenty of us feeling a little behind right about now

38, 16, Southeast, homeowner, married, $600k combined

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1) 25
2) 2.5
3) Dallas
4) I have a mortgage on a small condo
5) about $6k liquid cash
6) about $14k in 401k

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28, 1, Chicago, rent, 0 😬😅

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It will, probably wants to verify through linkedin again.

Man, I feel so far behind. I’m 32, Married, 11 years out of undergrad, 7 years out of masters, NoVA, no home, about 60k in liquid cash, wife also has about 60k. Also working on killing my student loans. Have 50k remaining. Aiming to pay off half by end of the year.

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How is approx 120k in liquid cash “far behind” - your killing it! Keep going

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30, 8 years, Houston, own (250 in equity), 650k (cash, brokerage 401k). On PA salary, I’d only have about 10% of this. Helps to marry someone who makes way more 🤷🏻‍♀️

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Commercial real estate

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27, 4.5 years, Southeast, homeowner with $50k equity, $25k cash/brokerage, $70k retirement vehicles, and paid off ~$45k student loans.

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Do you mind sharing your story?

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I really don’t think most on here are lying or have trust funds...but I think there are one or two with some family money thrown in...no way it happened on PA salary let’s be real guys 😝

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