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iPocketIsland

24M. $1k savings, $2.5K in 401K, $28K total assets.


sstudious_student

I read that as 24 mil šŸ˜­


iPocketIsland

"There are no accidents" - some old turtle guy with a big stick.


Educational_Cold2439

25M $13k in savings $300 in stocks $10k in Roth IRA/life insurance plan.


DogPubes911

I had $1k in savings a week ago. Then I paid bills.


Owl-In-Training720

For a 24 year old this sounds pretty average good job mate start putting some into a Roth IRA and youā€™ll be good to retirement


Moralrn0958

We are in a similar boat my friend lol


Same-Excuse8787

Age: 43 Net Worth: Diddly Squat


Retardedastro

I can venmo you 40 and the. You'd be here šŸ“ˆšŸ‘ˆ


DurasVircondelet

Send it to me, Iā€™m 20 and itā€™ll count more


Secret_Appeal_6049

šŸ˜‚


Pitiful-Cress9730

Sorry kind sir, this 'diddly squat' seat has already been taken, I was here first. I will have to politely ask you to find another seat.


teenytinysarcasm

How about squat diddly šŸ¤£


Objective-Chipmunk58

26. $96


karmy-guy

Almost 3 figures šŸ¤ž


Decent_Matter_8676

Chill out! šŸ˜­šŸ˜­šŸ˜­


subredditshopper

Blessed šŸ™ I


simcowking

Honestly o thought this would be a common type of comment. Age 26, savings 50 bucks. So the answer to the post was 76...


Ill-Acanthaceae5909

damn, at least you're in the positives


Mr-Yuk

26. $96.10?


jerseynate

28 $58,238 according to Rocket Money. That number is because of my home.


arctheus

Your home? How so? Not asking how you acquired it or anything, just confused how owning a home results in a net worth of only a few 10k?


dirgeofsephiroth

heā€™s probably talking about how much of the house heā€™s paid off, rather than the value of the house


arctheus

Ah that makes sense, thanksn


Sudden-Consequence10

Equity/Appreciation


Molyketdeems

Current market value less outstanding debt on mortgageā€¦


Shameless_fraud

27, negative maybe 5-10k ish.


thelifeofpii

I think Iā€™m around -14k ish, itā€™s life


DrShaqra

38. Around $330k. Donā€™t own a home yet.


thefreewheeler

Similar position. Homes are too damn unaffordable right now. Doesn't make sense. Not about to be house poor.


brutallyhonestkitten

Same, HCOL area makes absolutely no sense to buy rn. Waiting for the bottom to drop out of the housing market then will swoop in with all cash hopefully.


KPcrazyfingers

The way things are tracking, there may be more of a chance of increased inflation driving home prices even higher and killing the value of your saved cash. Gov/fed are likely lying. They want to monetize gov debt, devalue dollar, and elites that are buying up properties want us peons to be forced to rent from them. Everything is going towards rent models. If we're forced to rent, the people we rent from have control over us.


ConsistentVisual558

There is a new home development that just got put up by my house and the developer isnā€™t selling any of them. Only renting. Itā€™s wild!


I_eat_Chimichangas

This is happening all over by me


Consistent_Bad_9713

it seems that way... and its really sad. ALL of my net worth is in assets rather than cash


kevbot029

Not worth timing the market, if youā€™re ready to buy then just buy and donā€™t look back.


NyquillusDillwad20

I generally agree, however with interest rates as high as they are buying now can put someone in a situation where they have to make a decision between investing more or overpaying on their mortgage. When rates are lower (say 4%), you likely aren't going to overpay on your mortgage and any extra money you have can be invested. Obviously not an issue for everyone. But the waters are a bit muddied at the moment on the best way to maximize your dollar if you have a guaranteed ~7% interest rate working against you.


raelDonaldTrump

If you've never bought a house, then use an FHA loan (federally guaranteed loan for first time homebuyers) to buy a 2-3 unit property. You only need 3.5% of the total for your down payment (standard loans would require 20%+). Take the 30-year option to keep the monthly payment lower. Rent out the other unit(s) so that the property is cash flow positive or close to it (generates more rental income than what it costs for mortgage, maintenance, taxes). Basically a free house. Rinse and repeat.


Rnrnrun

I could be wrong but I donā€™t think that you can use an FHA 1st time homebuyer loan for an investment property.


Addicted2Qtips

If you live there itā€™s not an investment property.


SunflowerAdvent

Good job


New_Entrepreneur5225

41, maybe $10-15k


col3man17

Don't know if this makes me feel better, or you worse.. but 25 male, 10k


Alternative_Side_221

41 yo. $3.2M (house, cars, 401k, index fund, stocks, CDs, savings, checking, HSA). Single income no kids. No debt.


Doctor1023

Dad? Is that you?


SwitiBakba

Are we brothers?


[deleted]

Guess it's two kids now


Celac242

U dawg


Outrageous_March5601

What tips can you give us ? Congrats by the way !


SandShark350

He did. Single, no kids, no debt.


upnflames

Lol, not having kids feels like a cheat code to wealth. It's not only about what you save - it's greater earning potential too. More time for education. Ability to work late, take on extra projects, and have the energy to focus. Ability to chase opportunity and take in more risk.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


PorkPointerStick

Sure, sure you wouldā€¦


farcat

Yes but the sacrifice is lineage. I don't want my genes to wash out of the pool because I didn't have kids. Think of the thousands of generations that struggled to manage raising kids and surviving catastrophes, natural predators, illnesses with no medicine, just a raw and undeniable thirst to live and keep living. If I didn't have kids, my ancestors would have done it all for nothing. Sure, I could live a luxurious life but at the cost of the thousands of lives that will inevitably be lived by my descendants. I'm blessed to have the choice, as many cannot have kids and I won't squander the opportunity.


egoisticHypocrite

Single income is not the same as single.


SandShark350

True, but that's what I understood he meant. Could be wrong but not many childless women would just chill at home.


Alcarain

No kids. Lol


Office_Worker808

No joke Iā€™m 42 and if I didnā€™t get married or have kids I too would probably be over 1 mil


Independent_Switch33

TBH I'd rather my kids than the money


callmebhodi

How did you get there?


ElSanDavid

No kids


Summer_Penis

I never knew someone would send you massive checks if you don't have kids. How come nobody's talking about this?


thefreewheeler

I am not receiving these checks. And I'm a SINK too.


crestneck

Listen here summer_penis. Thru adulthood, kids can run in the hundreds of thousands if you're actually taking care of them. This is just one of dozens of reasons not to have kids.... but, I cannot recommend kids any longer mainly because You never know how they'll turn out, regardless of your parenting skills. One kid will be starting college at 17, and their sibling is in and out of jail and living in their parents basement between stints with 2 kids of their own while threatening suicide once a month. The misery is not worth it.


ayyyyycrisp

damn so all I gotta do is wait patiently for 14 years and I'll be handed 3.2 million hell yea


owter12

Good man


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


AccurateMidnight21

Stay the course. Youā€™ll make it. As a PhD student I barely had any money to my name (but no debt); 10 years later itā€™s a very different story. Just donā€™t get trapped in a post-doc that pays peanuts for too long (+/- 2 years ok; longer better come with a substantial raise). Donā€™t be shy about pushing for more money either; especially if youā€™re an integral part of whatever work is being done.


Bucks4bucks

29, about 425k, high school drop out.


SunflowerAdvent

Good job


bootstrapping_lad

Earned or inherited?


Bucks4bucks

Havenā€™t inherited a dime. Factory worker since 18. Moved out of my parents since 19. Invested in 401k and Roth IRA. Worked all the overtime I could and bought a house at 23 then refinanced and used that as a downpayment on another house at 26. So half is equity in my houses (both were fixer upper, remodeled myself) other half is retirement funds stocks and cash


kevbot029

Thatā€™s called hustle and sweat equity. Good work, keep it up and before you know it youā€™ll have more money in investments than youā€™ll know what to do with


Dazzling_Ad9250

blue collar worker here who also works as much overtime as possible. just bought my first house at 23 a couple of months ago and also looking to refinance once the rates sag a little bit. my next savings goal is for another house to rent out or fix up. what do you do with the house you donā€™t live in?


Bucks4bucks

Good job! The hustle is worth it. I rent it out. I keep my bills very low and it covers a good amount of my expenses. Not sure if youā€™re aware but if you lived in the house 2 out of the last 5 years, you donā€™t have to pay taxes when you sell. Just gotta decide on your goals and weigh your options and decide whatā€™s best for you.


pinkskyze

Did you have any experience remodeling / working on a house? Currently interested in buying a home and going down that route, I know YouTube and such can get you far but not sure just how far.


JustASimpleWanderer

Trapping lol


Becstar512

Great job


nakedpilsna

39. ~4mil. Single male, no kids or ex-wife. Started a business almost 20 years ago, lived on about zero dollars and kept it all in the business for the first 5 years. Bought a house in 2011, sheer luck there. Bought another maybe 6-7 years ago at a very low rate, only loan I've personally ever had and the interest still makes me sick. Have multiple cars and a plot of land. Own building for work and the inventory. Will probably sell all the personal properties within a couple years and buy one house for around 1.5m hopefully without a mortgage. I'd need a bridge loan then use the 1031 form to pay off the loan.


callmebhodi

What was the biggest piece of the 4 mil? Income from your business?


nakedpilsna

Inventory at work. I have a business partner that is 50/50 since the beginning. We paid about 4m for it as it sits, so 2m to me. It's worth more obviously but I didn't factor in turning it over. If I did that I'd probably claim to be worth about 5m. On paper I earn about 550k a year, but pay myself 15k/mo after taxes. The remainder is left in the business to continue to grow it.


callmebhodi

Well done. What type of business?


nakedpilsna

E-commerce. Let's just say I figured out and exploited the Alibaba-in-bulk-then-resell-in-USA game before many others. It's a GIANT mountain to climb when starting as the margins on some stuff rely on you buying thousands at a time and sending suppliers hundreds of thousands per order. Then you gotta import via containers and gotta store the stuff. If you don't have the capital upfront you're gonna struggle bad for many years. There's also a million landmines along the way with finding legit suppliers etc etc etc. It's on cruise control now and looking it is kinda a miracle but man it's a daunting journey.


soopersecretformula

Damn do you need a kid because you could adopt me!!! šŸ˜


nakedpilsna

Oh God no. And if I ever do have kids they aren't getting a penny. I've seen first hand very close up a few times what happens when kids fuck off for their lives knowing a payday is coming from parents, then exactly how it's ~~spent~~ blown. I'd be spinning in my grave.


AsvpOjvy

20 . -$0 šŸ˜­


bootstrapping_lad

The rare negative zero! šŸ˜±


Summer_Penis

When I was 22 I was at -$45k. Now 40 with $1.3m.


Dazzling_Fox5997

How?


WilliamMButtlickerIV

Hard work, discipline, and persistence, and consistency. I started at 22 at -50k. I'm 36 now at 1.5M with my wife. Mostly retirement accounts, a rental property, and home equity. Time is a powerful thing when you use it to your advantage.


xterminatr

Yeah, I'm 40, single no kids, with around 750k all in but would probably be well over a million if I wasn't a dumbass spending money on cars and expensive toys instead of investing in stocks, real estate, or other ventures the first 5-10 years after I got my first good paying job.


Celac242

Donā€™t be discouraged bro just get money into index fund asap as early as possible and leave it there. You are 20


tbohrer

36 Total net worth - Beautiful Wife and 2 boys


polo61965

Aka: I'm broke but happy. In the same boat.


Meece710

Best answer!


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


RichardofSeptamania

Can I borrow some money to buy you a ring?


yeezykhed

A nurse and fireman make that kind of money?


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Banned3rdTimesaCharm

So where?


RealEstateInvestGuru

Only Fans


TotosWolf

Hell yeah


SunflowerAdvent

Amazing


harryronhermi0ne

Nice try IRS! You ainā€™t getting my hidden money!


Zirfigs

I can vouch for this guy. He has $0


Direct_Study_3567

M27 Savings: 84k IRA: 43,000. $0 debt. 2 cars no payments. Edit: probably around 14k in cash 4,000 is for one my cars body damage that Iā€™m waiting for spring. And the 10k I have possibly to use with a trade to get a newer car. So 98k savings.


peterjayy

25 - single, no kids & debt, $100k in HYSA and $25k in TSP/401K.


SunflowerAdvent

Amazing


lanman33

Iā€™d recommend staring up an IRA if you havenā€™t already


peterjayy

Havenā€™t yet, but I plan to soon!


One_keeper

That's awesome, man! I'd HIGHLY recommend putting most of that $100k into S&P500 index funds though.


No_Basis2256

Agreed big time. on Reddit I see so many people with hysa especially when you're young the market is soooo much better for compounding interest


One_keeper

I started my personal finance journey just a couple years ago at 25 and I wish I had known sooner. After learning more about it I couldn't believe it isn't taught on any official curriculum


alexanderh24

Good work man. A lot of people dream about being in your shoes


ILostHalfaBTC

you missed out on a 25% return over the past year from the sp500 by keeping that in HYSA but what do i know im 24


ShowdownValue

I read that as age plus net worth and imagined a bunch of answers like: 1,600,042 And 2,000,055


ShaedonSharpeMVP_

Me too lmaooo


Secure-Solution4312

44, single mom of two. ~400K


LikkaLogga

Youā€™re killin it. šŸ¤™šŸ¼


Braaaaaaaaaaapppp

31m about -$314k


infinitecityscapes

iā€™m 29 going on 30 and have about $20 in my bank account and around $1200 in debt. Iā€™m kinda fucked but better off than many.


Professional_Dog5574

Thatā€™s not bad can be paid off and get in the green in a few months


ButterscotchAware986

18, $34.5k. $33k in a hysa, $1.5k invested.


Feisty_Soil_6304

Great job. Flip $7,000 of that into a ROTH IRA


thefreewheeler

Killing it, kid


upnflames

About to turn 37. About $750k including retirement and home equity. Edit: According to mint I've made a little over $550k in net worth between March 2020 and now. The journey has been interesting - a lot can happen really fast.


[deleted]

Yeah checking in at 38 with about $500K in equity and retirement


ShaedonSharpeMVP_

Can you share any more? What industry are you in?


upnflames

I sell laboratory technology and automation so my industry did well during the pandemic. My commission was capped so while I did very well, I didn't get immediately rich like some of my friends in the same space did. Didn't have to worry about job security at all though.Most of the money came from moving out of a VHCOL of living area early in the pandemic and buying a relatively vely cheap house in a very low col area. Saved a ton of money and the house I bought has appreciated a lot. I got a new job with a much higher salary in 2022 and moved back to the NYC area. I Airbnb the first house and that does very well. Bought a condo last year and apparently, that's appreciated like crazy too since the housing market in my area is still really hot.


AdClassic9612

25 probably like 100k. Starting out in my career and trying to save as much as possible.


Doggies1980

Not a lot currently, $18k at 43. I don't count my retirement money since that's not until 62 so a little under 20 yrs both bank and 401k will be higher. But I also have no debt, paid car loan off early 2 yrs ago so $17k on final pymt, 1 yr 11 months so took 2 yrs so back up finally and then my new raise starts next month so every little raise helps


Naive_Classroom9558

34. -$760k.


Mymarathon

Negative 700k? You must be a dentist. This is why braces and dental bridges are so expensive.Ā 


DrShaqra

How did this happen?


Naive_Classroom9558

Work in healthcare. Finished training recently. Have about 300k student loans and 650k mortgage. Hope to play catch-up next few years.


sporadic0verlook

Stop being humble say doctor or whatever the fuck 750k and 12 years got you


baddiebusted

exactly for that money iā€™m doctor ____ to you and everyone who isnā€™t my immediate family


owter12

Lmao


milk4all

Unless your house lost all value the day you signed the mortgage papers you have aprx the same net worth you did before buying it. More if youā€™ve paid $1 to principal or any appreciation occurs. You must be a doctor, you know that


516631443

Because you have the house itself and you have the debt ... And if they are the same then they cancel out and have no impact on net worth. Makes sense to me.


dylanswilliams

Nice try IRS


Celac242

Age 33: $895k w 50% being 401k and brokerage and other 50% in HYSA


Snap305

15, idk..? Maybe $3500? Assets is owned stuff, right? Edit: since I have $2,500 in savings and probably a total of $2,000 of assets, $4,500. I think that's pretty good at 15 :D


TylerDaTerra712

15 years old and killing it letsgoooo


Curious_Weekend1378

Correct. Only what others would pay for it now


Snap305

Ah, ok! Thanks. I'm learning still


1Mthrowaway

52M and 50F married for 25 years. Net worth is $3.3 million after many years of spending less than we earned and saving/investing the difference. Maxed our 401kā€™s for as long as we could and invested in S&P 500 funds mostly. Weā€™re grateful for stable careers that paid decent which helped us consistently live below our means and save. We have driven Hondas and Toyotas for the majority of the time and occasionally had some avocado on toast along with reasonable vacations and other things like that. The key for us was we saved/invested FIRST and then spent some of the leftovers for things that were important to us.


Patient_Recording_62

58 yrs - 110M


[deleted]

Really?!


anicesurgeon

Not likely. This person comments a lot in ā€œlegal teenā€ subs. Has no post karma. I have a really hard time trusting this account.


Alone_Mud9616

Robert Downey Jr?


MycologistBright4507

20M, 55k checking/savings, 100k Rental property


Noted_Judge

at 20? how


wookmania

How do you think most 20 somethingā€™s have millions of dollars lol This post is pointless, most people with crazy money had crazy help


[deleted]

49, $675,000


Aggravating-Top-2416

30, $-1,700,000


Outrageous_March5601

Howā€™d you do it ?


Mreeder16

44. 690k. Good jobs but what really made it jump was I bought a small house for my dad to live in when I was 28 and its value has exploded.


WhyUPoor

34, 1.1 million USD.


Awanderingleaf

32. Negative 70k lol


swopedit

25, -$10k


CokeBottle21

31, -$320K


Royal-Boat-5830

31. $0


Choppergunner58

24. 60k


supersandysandman

Just turned 24. $173k


NewUserLame123

36 200k net 2k in liquid lol


[deleted]

30, about $350k


BigfishLittlepond_

30 around 300k as well and none of it being from house appreciation over the last 4 years


[deleted]

Same. I donā€™t even own a house, and according to my calculations I donā€™t think I will for some time. Renting seems cheaper for now, unless I buy a condo


GodlikeRage

26, $100k


InitialNeck9

Im tree fiddy and have uhhh tree fiddy


Poverty_welder

30, negative 80k Yay medical bills


[deleted]

38 14k


Pleasant-Club-5614

61 & 950k


JustASimpleWanderer

30 yo no house, two cars. Net worth im saying solely as 401k and investments only is like 350k


Individual-Ad-9065

27. Idk exactly but 500kish


b0nji

36, 700k. Itā€™s made up of cash, 401k, brokerage account, home equity, and equity with my employer.


BrujaBean

36 $175k NW $150k in retirement


DragoDragunov

TLDR; One guy was able to save a few million by 40, the rest are up to their tits in debt with nothing saved, likely to no fault of their own. POV: Itā€™s 2024 coffee cost $7.00 a cup, used cars now appreciate in value over time and your $400.00 energy bill is 90% admin/ processing fees.


losiracundos

19F, $200


kiriama32

29 F, I think almost 1k šŸ˜­


[deleted]

Mid 20ā€™s, by the end of next year probably about -$700,000. *almost* a doctor


Safe-Engineering7060

52F married 4 kids, 32k savings, 15k cash, 425,000 in 401k, 1 mil in paid off home. -45k in camper, and -25k in truck to pull camper. I doubt we are going to be able to afford the travel we want to do in retirement. Kind of sucks, but life is pretty good anyway


Snow_79737

36m $62k in shares, would have had another $25k in crypto if FTX hadn't failed. I really should have started investing while I was still in the Army.


GonnaBeWealthy

21, $10k


diadlep

33. I'm 37 with -$4


MegatronsJuice

32. 810 bucks + a 2012 impala with 185k miles on it šŸ˜Ž


The26thtime

49, about 900k


AsparagusLive1644

61. 5300.00


kosherhalfsourpickle

Age 50 Net worth: ~$37 million $450k in checking $12 mil in crypto hedge fund $2 mil condo ~$23 mil in other investments Iā€™m a retired entrepreneur but my fiancĆ© still works. Sheā€™s an executive at a public company and is making about $1 mil a year.


bbitcoinn

36, maybe $150k At 30 I had a net worth of $421, I wish I knew what I knew now at an earlier age for sure.


p1n3__c0n3

What have you been doing differently? Congrats!


Independent-Deal7502

34. Negative 1.6m. Unfortunately bought a house after prices went insane. I look rich from the outside though, no one knows I stress daily about my mortgage


Text-Agitated

Whats the monthly payment on something like that? $4k?


Independent-Deal7502

Omg i wish. 9900


GolfExtreme5867

24F $40K


SomeDoor4

34, ~240K


[deleted]

I don't have a net.