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Rising Star
250k at 25 is great NW
I’m 30 and $130k net worth. You’re doing fine
A lot of liars, trust fundies on this app. If you start your career at 22 with no student loans, even if you live with your parents for the next 3 years, you are unlikely to be at 250k NW
Invest 50% of your salary and don’t look back, don’t need to size yourself up
Source: Fed Reserve
Rising Star
This just shows how much wealth the top 0.1% control. Average HH net worth is 5-6x median, jeez.
Data scientist - for your own mental health, please stop benchmarking yourself and everything you do.
OP don’t forget to factor in your first divorce between 30-34. Net worth will take a beating then :)
Chief
Yes. It's phenomenal. You're well ahead of 99% if America and 85% of white collar workers.
Chief
That is still way on the right side of the bell curve, so congrats OP!
I’ll be lucky to have 100k NW @ 25 lol
Rising Star
We should just pin a link to this in every bowl
https://personalfinancedata.com/networth-percentile-calculator/
You can easily google how your net worth compared to the rest of America by age group.
https://youtu.be/IHZvPmaOBvY I’ve liked Graham’s video on this. There’s always going to people making and saving more than you but 250k by 25 is exceptional and most likely an outlier
Big fan of Graham
Here’s another one… 90th percentile by age and education level.
Basically, remember. Those who went to college represent a minority. Of those, many had student loans, or took jobs paying 50k (history majors, art majors, gender studies, other humanities majors likely make less than this, especially in rural America). Then throw in those who go to grad school - they’re not making any money until they are 26. High earners like doctors and lawyers are still in school until this point as well.
It’s really rare to earn six figures out of school, definitely only available for the elite, and student loans reduce some of these individuals net worthy.
Wow this is a great chart, thanks for sharing
Average net worth for the above average person is $79k by 25 and $250K by 30.
For context, I’m 27 @ $320K NW.
https://www.financialsamurai.com/the-average-net-worth-for-the-above-average-person/
Rising Star
500k at 30 is easier than 250k at 25. Especially in the current market.
It’s kind of relative. I’ve always liked this as a metric for retirement savings:
30 - 1x your annual income
40 - 3x
50 - 6x
60 - 8x
67 - 10x
Saw this one on CNBC some time back: https://www.cnbc.com/select/savings-by-age/
Chief
That's amazing progression OP! I only hit $500k a few months ago and I'm 33, but I didn't start out in consulting and have 2 advanced degrees, so I'm ok with being behind others.
Who cares? Do what you love.
Rising Star
You do realize inflation effects blue collar and service workers too, right?
Not enough for you probably
Nope those are rookie numbers