What is an impressive net worth to have in your early 30s assuming you've been in public accounting ever since you graduated college?

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

$69 million

likefunny

A billion dollars

likefunny

three fiddy

funnylike

There are ton of variables to this:
location (HCOL, MCOL, LCOL)
dual income or single income household
kids?
major components (debt from mortgage, student loans, car)

like

Family assistance is another big one

likehelpful

$1M. Reality is that real wealth includes trust fund or generational / inheritance. It’s not what you make, it’s what you control.

likefunny

If you invest half your gross pay from age 23 to 32 into the market each year, you’d have about $850k by the time you turn 32. Assuming normal big 4 salary progression. I’d say $850k is about where most financially motivated people would end up. To be truly impressive in my opinion, you’d have to find a way to get ahead of those that are just steadily dumping cash into index funds each year… I’d say $1.2m to $1.5m would be impressive.

funny

If you’re speaking to other finance professionals or people with advanced degrees probably $200-500k+ excluding home value. This just depends on how out of touch they are lol. If you’re speaking to just about anyone else they’d probably be impressed by $100K+. Most people don’t have much saved.

smart

$1mm

Depends if you have dual incomes for how long and kids.

$38k

Related Posts

People who are joining Nagarro, Make sure you are aware of the project details before joining...lot of projects in Nagarro are sub contract projects..
Make sure your skills are matching. Don't just see package only...

like

Any update about office location? Also fishes, if you could suggest good localities/societies, looking to rent a 1bhk, new to Kolkata. Thanks!

How much salary can be asked for senior engineer position for 2.6yrs of experience at Nagarro in Automation testing

like

Hi guys. Is EFA (Engagement Financial Advisor) under enabling areas coming to kolkata? TIA

like

I have been assigned to HYD office, but post January can I work form the Kol office ? Till its hybrid D USI Tax

like

@all - I'm looking for 1bhk near Technopolis (Deloitte Kolkata), kindly help with the contacts/info if possible.
Thank you.

like

Leo group is remote until Sept 6 (unofficially) but offices are open now if you want to come in (Have to reserve a spot). No pressure to do so yet. Expected to be a hybrid model after, but it's all TBD.

like

Firm announced flexible come and go as you see fit approach to coming back to office. Partner I work for said I need to be in office 4-5 days a week anyway. Thoughts?

likeuplifting

Hi! I’ve been in hospitality & management for over 10 years and desperate for a career pivot. As anyone in restaurants knows, the work is ~80 hours a week and often making less on salary than your own tipped-wage employees. I have experience with training, team building, HR, financial analytics, client needs, communications and so much more. Does anyone have recommendations on a new career path or job listings to investigate??

like

What do you do to fight burnout? Got a raise yesterday and will get another in September, for dealing with a lot of stuff, but I can't shake the burnout.

like

Anyone else here kinda like doing doc review? (In moderation of course)

likehelpful

Walmart hr collected all the documents from me but she hasn't come up with an offer from the last one month...., Will Walmart give me an offer or not??
@walmart

like

How to transfer PF fund from hcl to epfo if i was a non pension member???

like

Has anyone ever started a House Renovation/Interior Designing business on the side?

likehelpful

Hi Fishes, How much hike & % of Variable pay NOKIA provides for JG-8 level employee. How is the facilities & WLB,job security in NOKIA.

helpful

Which company is good to join for Abinitio?
Exusia
Airtel

like

Hi , my base location is kolkata in ibm . And i just shifted to kolkata with my family. However i am tagged to a project Barclays client which is in pune and bangalore. Is there any chance of my base location getting changed any day in future in IBM.

Infosys Tata Consultancy IBM Accenture Cognizant Capgemini

Comments will help very much

like

How many therapists (and social workers too!) see a therapist themselves? Do you find it helpful?
I think there's this myth that therapists have all their own sh*t figured out, and for me at least I know that's far from true (hopefully it isn't just me). On the contrary, I think we should be leading by example!

like

I feel like everything is crumbling right now. I’m stressed at work, don’t have my CPA done yet, have little to nothing savings in my bank account. And on top of everything, just met with my...

Additional Posts in Accounting

I resigned yesterday evening.. today morning conversation with counselor and People Consultant went very cold... anyways piece out..

like

Hoping for help w/ studying. TRANSACTION CYCLES?? I see inconsistent lists online and in books: (Revenue, Purchasing, Inventory, Payroll) vs (Sales, Purchasing, Payroll, Financing) vs....

like

How often do you guys visit strip clubs?

like

Has anyone done the CAIA credential? Care to explain your journey?:)

like

Anyone been to Bangalore? Recommendations on things to do?

like

sometimes I feel like the reward of being productive is more work lol

likefunny

How much does a big 4 marketing director make in the Bay Area?

like

Going to easily hit A List Preferred this year. That's a lot of flying.

like

Counselor never talked to me about my year end review and it was never released to me, I still haven't had my comp discussion. Didn't get the comp email or any PPB in my paycheck, am I getting fired??

like

Does EY pay for the CFE exam and Review course?

like

Looking for a secondment within the big 4 to California, does anyone know of any opportunities?

like

Do you think it is quite possible to get fired by asking too many questions as an experienced senior 1? If so, i might get fired after this busy season.

funnylike

What non-standard benefits does your firm have?

like

Went into PA for job stability & good money. Now I realize my job'll eventually be automated & I could have made so much more starting as an engineer without working these long hours. Life's a bitch.

like

Florida CPA here with a question regarding CPA license renewal. I passed my tests sometime in February 2019 but didn’t get the official license until January 2020. What dates should I use for counting my CPEs towards the renewal?

like

What would be the typical salary offered to a new Tax Senior at a small/mid-size firm in NYC with roughly 2 years of experience prior to being promoted?

like

That feeling when you question your in-charge's review point and they reply with "Good Catch" 🤓

like

Just heard EY is about to make more layoffs in audit too

like

2nd year tax staff, what is your current city and salary? Go!

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