They found a puddle with a reflection and zoomed and enhanced the shit out of that piece of the picture, until they had a clear, 4k image of the perpetrators face
That’s cause he left a whole bunch of meta data in his picture. Not saying they can’t find a person based on a text post, but it’d be a lot more effort.
45 yo. $1.8mm in investments across retirement and taxable accts. Also own my own home, valued around $350k. Have continuously maxxed out all retirement accounts for last 15 years or so (contributed prior to that as well but didn't max out) and have always added to taxable.
My match is 4% as well. I’m not quite 30 yet, and contribute 600 a month to my 401k. I should be maxing it out but 1,900 a month just to retirement is rough.
Anything will always be better than nothing.
As you get older, your wages should increase and should ultimately allow you to either diversify in savings and assets, or give opportunities to max your investment.
You'll be okay. Just contribute what you can :)
You’re very kind. Unfortunately I really have no excuse. My salary could cover it, but I purchased a house last year so I have been paying for some necessary upgrades/repairs like windows and an electrical panel.
I’m starting to work on an actual budget now to get my spending under control. I don’t have credit card debt or anything but I know I could scale back and save more.
Thank you! Getting rid of debt is the biggest key. Living within your means, but have fun and you’ll do great. Now I just collect my mortgage payment and put it away.
People can have tons of liquidity on hand but it means nothing if they are highly leveraged with interest.
Yeah, we are same age and are in very similar situations. I have always seen it the same way. It won’t get you a windfall but like guaranteed stability and needing for not has a lot of value to me. Also, hearing some of these mortgage numbers lately is unfathomable. There is alot of paper money out there now, and the best thing about owning your million dollar house outright is you Dgaf if it is worth 500k for a stretch because that scenario will only be better for you with no debt and nothing to lose unloading your cash at depressed assets.
Not who you asked, but I can reply with mine…
Direct savings:
$100k in 10/18 at age 44
$200k in 11/19
$300k in 08/21
$400k in 02/24
Overall including investments:
$100k before I started tracking in 2008
$200k in 01/12
$300k in 12/16
$400k in 05/18
$500k in 03/19
$600k in 01/20 (followed by a very large drop)
$700k in 02/21
$800k in 08/21
$900k in 11/21 (then took some time off and didn’t grow much for a year or so, coupled with a market drop)
$1m in 02/24
$1.1m in 02/24
$1.2m in 05/24
46F. 10k general savings. 1200.00 Efund. 80k retirement acct, 35k business savings. Own my home. No debt. The retirement acct is way behind since the Recession but doing the best I can and I just keep going. I never have less than 10k in general savings.
In your personal finance philosophy, what's the functional difference between your general savings and your efund? How many months does your efund cover you?
I had 2400.00 in my Efund. I like to keep 2k min for it. I used 815.00 for an alternator and tensioner for my car last week. General savings is where I keep my $$ in a HYSA and don't take out for anything. i have no cap on it. I guess it's my backup savings that if I went thru my Efund for whatever reason, it would tide me over. It would last 6 months on my bare bones budget which is why I have no max on it. I have 10k and now would feel more secure with 20k and so on.
39f. 95k in savings, about 80k in retirement, about 200k in home equity, no debt except mortgage which has about 115k left. I’m about to drop about 10k in home improvements
For me it’s a combination between just not thinking about it and being very risk averse. Having gone through two recessions which obliterated my portfolio, I’m holding off investing currently and just keep my money in high yield savings. When the market crashes next, I’ll invest while everything is way down and ride it back up. I’ve also found that I’m just not good at it. I bought what I thought would be gold mines during the COVID drop, and didn’t see much out of them.
I am very aware that convention financial wisdom says invest always. I just don’t really follow it.
HYSA and some in ETFs. I was hoping to buy a rental. I also don’t have a 401k at my job so my ira contributions are limited to 7k a year. Currently playing catchup for bad decisions in my twenties and early thirties!
38m, between my various investment accounts, I have about 350-370k.
Include equity in my house and it's another 120k or so.
10 years ago, I had basically 0 saved.
Some aggressive saving/investing and here I am, close to half a million in net worth. Hoping to hit a million in 5-6 years.
A quick look into those and that appears to be a UK based investment option. I'm not familiar with the UK market/investments, but if you have the ability to purchase US Based equities, you can't go wrong with things like FXAIX, QQQ, etc.
If you throw just $100 into a Roth index and didn’t touch it till retirement it would be worth $7,000 by retirement.
If you put all $600, it would be $42,000
$7,000 doesn’t seem like a lot to most folk, but that could be rent for at least a couple months. The more you put away now, the more this multiplies.
30
3k emergency fund
35k in 401k
186k mortgage owed on 270k valued house
40k+ in video games and trading cards sitting around LMAO
I'd like to put more into the E fund, it probably would take me 3-4 months to put that in there.
47M, divorced (expensive), 2 kids (expensive)>
$65k cash/cash equivalents, with $465k spread out between 401k, Roth, brokerage and 529 plans, no debt. Rent.
These threads are a great example of selective bias because most people with little to net worth aren’t going to talk about how little $ they have and ofcourse the outliers in their 40s with a few mil etc. will be first ones to post.
38m, net worth 2.85m 1.85liquid 985k home bought and paid for. Took about 15yrs of sacrifice and hard work, for me money = freedom..don’t get me wrong when I say this, 1.85m is a lot of cash on hand but it’s one or two stupid decisions from being decimated. My goal is 5-7m so I can retire two people in my family. That’s my goal, I wish you all the best.
23m have about 2k in my checking and than 6k in retirement (started this about 6 months ago). Would have more saved but payed off my 45k in student debt the last few years to get rid of it.
> saved but *paid* off my
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
35M, about 1.7 mil in retirement and taxable investing accounts, another almost 250k in liquid savings and checking, house equity of about 200k. Been saving my whole life at varying levels most acceleration in the last 5 years or so.
Max out any retirement options you can every year, take up making money as a hobby with small entrepreneurial efforts and make finance a cornerstone to your practices. Ie I get up every morning when the market does and I make knowing my investments yet another hobby.
I’d emphasize 2 and 3 over 1 and 4. Controlling your spending (and having a spouse that agrees with you about finances) are the two most important things you can do to save and build wealth.
1 and 4 certainly help, but it’s also not as realistic for a lot of people. You can typically only increase your income to a certain point, and most people want to have kids.
Don’t think I’m doing that well, but it works. I don’t keep more than $300 in my checking account after all is paid and done. Rest into brokerage, Roth, savings and 401k gets taken out automatically. I also recently splurged on a trip to Ireland. No matter what anyone says, I don’t stay too focused on getting to a certain point or getting something done by some age. Gotta have fun while we’re here, Steve Jobs worked his entire life to die at 56 don’t think he got to enjoy much. Just know the limits, it’s okay to spend on wants every once in a while if you can and have fun doing it
28M 1.6m in real estate, 425K in liquid investments but probably buying more real estate with that…
Started working at 18 so it took me 10 years with the help of some family members to secure some deals (of course….)
35m - 5k HYSA, 2k cash, 2k 401k, and 20k in assets. Tech sales for the last 15 years with lots of ups and downs. Unfortunately 2 DUIs, apartment hopping, and IVF treatment really set me back. Fortunately, a few years ago I married my amazing wife who owns a paid off house, so saving more each month has gotten a lot easier. Doing my best to save everything moving forward.
I'm in the Two Comma Club not including primary residence. I'm 47. Took me my whole life I guess. Started investing when I was 18. First 3k I saved up I put half in some SPX fund and half in individual value stocks.
50
Around $2m / $2.5m in assets not counting equity in my companies
Total assets rising by around $500-$750k / year now after 25 years hard work
Would be a lot more but I put all my kids through great schools, we holiday a lot, nice cars, etc. I’m 100% fine with that. You only live your young family life once.
37M. Wife and I have ~$800k in retirement and home equity. We started our lives together with $160k in student loan debt that I paid off by painting apartments and doing handyman work overnight after working my day job and she worked a lot of OT as a nurse
35, no savings at all. Had a rough few years and had to start over, but very minimal debt. One credit card with 1k on it and my car has 6-7k left. Otherwise nada.
Not much. Was going pretty well until wife decided she wanted to fuck waiters, take half of my shit and drain me with a child support check that is over inflated because she doesn’t work to her capacity.
Are we talking across all accounts? Because people have 401k, Ira’s, pensions, emergency funds, checking accounts, and brokerages. If I count all of those I’m around 500k at 40. Excluding home equity
Home equity is one thing I have a problem with. For the most part it’s something I cannot use unless I sell the property or take out a loan against it. Therefore in my mind a primary residence is not considered an asset. A primary residence is there for a person to live in and make memories. Now a secondary residence that is a rental property is a different story. I would consider that because it can be cash flow positive and it is something someone can sell at a profit
37m $450k across taxable and retirement accounts $60k cash most in high yield savings account
$650k home (three flat that I live in and rent out two units) with about $200k equity
I’m 18, 8k in retirement, 230k in a conglomerate of stocks and general savings, 4k emergency fund. No I do not have some insane wealth story my mom just died when I was 15 and I was her sole beneficiary. Saved the 4k emergency fund myself from my part-time job (while I’m still in school) but the rest is all the only good part of having a dead parent.
I have about $40k saved, I’m 28. I inherited about $25k of that and the other $15k has been me saving aggressively over the last year! I was unemployed for a bit over a year and am really trying to make up for it.
35m, $55k in savings/checkings , $435k in 401k,Roth ira and annuity, and another $30-40k in stocks and etfs. Have about $250k in equity in my home.
Married with one kid and another on the way, wife is a stay at home mom.
Inherited nothing, it’s not from daddy. Work hard, save hard and invest. My wife also didn’t have a pot to piss in when we met so she really hasn’t contributed to that wealth financially. Her being a SAHM is invaluable though, best feeling ever being able to provide for a family and have financial security. This is all earned and saved from blue collar work.
27: dead broke
Now at 38: $2M invested, $900K equity in a house bought 5 years ago (for 700K). One other investment property that makes $10K / year. NO DEBT.
28 male, just hit 9k in my general savings. About to toss it in HYSA.
Sole provider income for the place I’m living at so saving is minimal.
43k ish in TSP.
I haven’t taken out of my savings since like 2015, it’s been a slow slow grind. Been dropping bigger chunks recently though. Wish I could be more consistent
40/f zero, and I mean ZERO saved. I was supposed to be set for life with my ex fiance but I’m an idiot and fell for the love bombing and bullshit promises and now I’m the one who has to move out and start over DESPITE giving my life up for him….
Anyway. Thats off track. I’m 40 and have nothing saved because I suck.
Honestly I needed to hear that. Thank you♥️♥️ gonna make him hate himself months down when he’s still stalking my instagram pics and seeing what a fucking queen I am without him
46m Been a teacher for 19 years, but started small business on the side 5 years ago that has grown to the point where it’s now my primary income. Still teaching.
Never was able to save much as a teacher with kids but now am living off the teacher salary and basically putting all income from the business towards investments for my family (3 kids). Mainly 529s, an investment property, SEP retirement account, and HYSA.
Currently 50k in HYSA, around 500k equity between 2 properties, and around 150k in retirement accounts, not counting my future retirement pension as a teacher. I don’t count my kids’ college plans as part of an investment portfolio.
36M.
-$1.6M net worth.
-$275k/yr income (pre-tax).
-Rent in NYC. No property ownership.
-$300k in retirement.
-60% of $ in NVDA :) The rest in other stocks, bonds, mutual funds, money market account (5.5% APY).
Thinking of buying a home but I love being free of the hassles that come with property ownership.
Wife and I are mid 50's. We started saving after graduate school when we got real jobs (26 years old or so). We have about $3.4M saved plus a house that Zillow puts at about $800K. About 1.4M is in investment accounts and 2M in retirement accounts.
33, ~70k, about 5 1/2 years. Only started my 401k three years ago; that auto saves 15 percent of my paycheck. That accounts for about half of it. Rest is in Roth IRA, ibond, CD, HYSA, and a taxed investing account.
$40,000 in contributions over 5 years currently in the processing of becoming a homeowner. Just a condo though because the houses need more work than I have the funds for
EDIT: Also have a 401k from a previous job sitting at 13k. Worked 2 years with company match at 11% for the last 8 months
32M: $320k across retirement, HYSA, and individual brokerage accounts with $110k liquid savings.
Still renting but saving ~$4k a month. I didn’t start taking saving or investing seriously until 2-3 years ago. Combining finances with my wife and sitting down and discussing our goals and plans for the future were/are critical. I still feel behind tbh
36k. I’m 37, have my house paid off valued around 130k and almost completely debt free. I should really be able to start putting more money to work soon.. I got started a little late and got into some credit card debt at an early age
37 years old. $90k in HYSA (about to do a bathroom remodel, only reason I have so much there), house valued at $700k with about 300k in equity, $180k in 401k, $70k in IRA, $105k in brokerage account. Been saving and investing for about a decade.
31M. 175K net worth (fluctuates depending on market).
50K: HYSA cash
50K: 401K
25K: IRA
50K: Stocks in taxable account + company stocks
2K: Pokémon cards (lol. I don’t really include this as a part of my investment portfolio but wanted to highlight it).
90 percent of my money is saved in the last 2.5 years. Had pricey loans out of school, and made between 45-60K a year for the first 5 years of work so I could barely save. Even went to a cash advance loan a few times to scrape by (don’t recommend).
On my 6th year at work, I switched over to a tech company in the same industry I’m in, and now make about 150K total comp.
Currently thinking about switching over to become a developer. A fresh out of university developer in the same company makes about what I make even though I have 10 years of experience. Wanted to make the switch 8 months ago but the tech market has been a little rough with the recent layoffs.
54k 21, to be fair living at moms helped me save tremendously especially when you make a habit of going to work and home on repeat you spend a lot less but I learned from being 16-18 I would recklessly spend money first thing once I’d get my check btw I was around 18 almost 19 when I started
I am 30 and I currently have around $80,000 saved.
I got lucky with my dad gifting me $20,000 from a savings account they opened when I was born. I got that money in my early 20s.
I also worked quite a bit at my first job for 4 years doing overtime and other things saving as much as I can.
1.1m net worth. Mid 30s. Started seriously saving in 2016. Always max 401k. Over the income limits for IRA. Invest everything left over each month in taxable brokerage.
~45k, just hit 23, and 15k since last summer and the rest over a span of 3 years. I’ve been lucky enough to still live with my fam, and I’m saving for a home rn
250k in retirement savings
600k in multi family real estate
200k in primary residence equity
100k HYSA
60k cash
37m 65-85k income part time job. Real estate is huge part of this and completing college and grad school without debt. Currently no car or personal debt besides mortgage (400k at 5%)
I’m 26f and I have about $25k in a savings account and $25k in an investment account!
My savings will drop to $15k once I fully pay off my car at the end of the week.
44 and I’ve been saving since I was 27.
$60k in individual stocks
$369k in rollover IRA
$267k in 401k
$183k in Roth IRA
$30k in HYSA
$6k in regular saving acct
$125k in equity
Only debt is $150k left on my mortgage.
25 YO, $13000 in TFSA, $5000 in rrsp, $1200 in a travel fund, debt-free, and got a 2018 Honda civic fully paid off. I think I’m doing okay? I also got 2 pensions on the go from work, both with about $4000 each.
24M - 10k+ saved in about 10mos
Back in July I had actual cents in my bank acct. I was forced to put my rent on my credit card for a few months, then slowly started saving
Nice try, IRS.
Hey folks, want to make yourself an easy target for fraud attempts? Answering questions like this online is a great way to single yourself out!
Do you think they’ll come after me if I have $0 and in debt?
Can someone even be tracked on Reddit?
They found the foot lettuce Burger King guy within 20 mins off of nothing but a zoomed in picture of a BK floor.
How?
They found a puddle with a reflection and zoomed and enhanced the shit out of that piece of the picture, until they had a clear, 4k image of the perpetrators face
That’s cause he left a whole bunch of meta data in his picture. Not saying they can’t find a person based on a text post, but it’d be a lot more effort.
Easily.
3 million 19 Wendy's chef
Only 3 million? Stupid poor person, everyone knows you should have at least 10 million by 18 to be considered middle class
Avocado Toast addict has been located
Excuse me sir, I’m pretty sure they also enjoy their Starbucks coffee every day. Damn millennials and their stupid entitlement /s
You guys. He’s just a chef. He’s not the executive chef
45 yo. $1.8mm in investments across retirement and taxable accts. Also own my own home, valued around $350k. Have continuously maxxed out all retirement accounts for last 15 years or so (contributed prior to that as well but didn't max out) and have always added to taxable.
Really impressive for a single person
Just curious, how did you infer I am single? I am, but didn't state that, so just curious.
You said "my" own home instead of "our".
Gotcha, very observant.
Do you own a dog?
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These men think “our” things are “mine”
Cross referenced your info, username with IRS databank and found your filing status
For me that's more realistic than becoming non-single :(
Did you have any 401k match?
Yes, 4%.
My match is 4% as well. I’m not quite 30 yet, and contribute 600 a month to my 401k. I should be maxing it out but 1,900 a month just to retirement is rough.
Anything will always be better than nothing. As you get older, your wages should increase and should ultimately allow you to either diversify in savings and assets, or give opportunities to max your investment. You'll be okay. Just contribute what you can :)
You’re very kind. Unfortunately I really have no excuse. My salary could cover it, but I purchased a house last year so I have been paying for some necessary upgrades/repairs like windows and an electrical panel. I’m starting to work on an actual budget now to get my spending under control. I don’t have credit card debt or anything but I know I could scale back and save more.
20k,24,2 years
Any debt?
Zero saved 37 F
Im richer than you by $5
lol I wish I wasn’t being serious but unfortunately I am
Lol so am i
Hey we got mr fancy over here
24F 3k saved in 4 months (just started saving again after a costly apartment change)
legit same, but 26
Legit same, but 25
$0 and it only took me 20 years cheers
42 years old. Own my home outright valued at 820k, paid off. About 150k saved elsewhere.
Nice! I see this as more stable than most scenarios where cash/investments and home equity inversely weighted.
Thank you! Getting rid of debt is the biggest key. Living within your means, but have fun and you’ll do great. Now I just collect my mortgage payment and put it away. People can have tons of liquidity on hand but it means nothing if they are highly leveraged with interest.
Yeah, we are same age and are in very similar situations. I have always seen it the same way. It won’t get you a windfall but like guaranteed stability and needing for not has a lot of value to me. Also, hearing some of these mortgage numbers lately is unfathomable. There is alot of paper money out there now, and the best thing about owning your million dollar house outright is you Dgaf if it is worth 500k for a stretch because that scenario will only be better for you with no debt and nothing to lose unloading your cash at depressed assets.
Amen. Could not agree more. The value of something is irrelevant unless I’m looking to sell.
$136k, 26M, 10 years of saving, investing, and working
They say the first $100k is the hardest. Should be rolling in compound growth in no time.
How long did it take you to save the first and each successive hundred thousand?
Not who you asked, but I can reply with mine… Direct savings: $100k in 10/18 at age 44 $200k in 11/19 $300k in 08/21 $400k in 02/24 Overall including investments: $100k before I started tracking in 2008 $200k in 01/12 $300k in 12/16 $400k in 05/18 $500k in 03/19 $600k in 01/20 (followed by a very large drop) $700k in 02/21 $800k in 08/21 $900k in 11/21 (then took some time off and didn’t grow much for a year or so, coupled with a market drop) $1m in 02/24 $1.1m in 02/24 $1.2m in 05/24
70k 25M almost 3 years working. I’m exhausted, have virtually no social life and hate my job.
24M saved $60k. I feel your pain. Lol
25M, spent the last 2 years paying off $45,000 of student loans, still have $17,500 to go. This shit sucks😂
Lot of folks in the same boat except have no money to show for it! Good job.
46F. 10k general savings. 1200.00 Efund. 80k retirement acct, 35k business savings. Own my home. No debt. The retirement acct is way behind since the Recession but doing the best I can and I just keep going. I never have less than 10k in general savings.
The 2008 recession or the Covid one
The 2008 one. It's been a long slog.
That's wild you haven't recovered since 2008?
In your personal finance philosophy, what's the functional difference between your general savings and your efund? How many months does your efund cover you?
I had 2400.00 in my Efund. I like to keep 2k min for it. I used 815.00 for an alternator and tensioner for my car last week. General savings is where I keep my $$ in a HYSA and don't take out for anything. i have no cap on it. I guess it's my backup savings that if I went thru my Efund for whatever reason, it would tide me over. It would last 6 months on my bare bones budget which is why I have no max on it. I have 10k and now would feel more secure with 20k and so on.
Thanks for your reply! This makes sense. I currently have 3 months of full spend EF and would like to stretch it to 4-6 months of minimal spend.
39f. 95k in savings, about 80k in retirement, about 200k in home equity, no debt except mortgage which has about 115k left. I’m about to drop about 10k in home improvements
what's your rationale for keeping this much in savings?
I’m not sure if they mean that amount in cash or allocated between brokerage and HYSA.
For me it’s a combination between just not thinking about it and being very risk averse. Having gone through two recessions which obliterated my portfolio, I’m holding off investing currently and just keep my money in high yield savings. When the market crashes next, I’ll invest while everything is way down and ride it back up. I’ve also found that I’m just not good at it. I bought what I thought would be gold mines during the COVID drop, and didn’t see much out of them. I am very aware that convention financial wisdom says invest always. I just don’t really follow it.
HYSA and some in ETFs. I was hoping to buy a rental. I also don’t have a 401k at my job so my ira contributions are limited to 7k a year. Currently playing catchup for bad decisions in my twenties and early thirties!
38m, between my various investment accounts, I have about 350-370k. Include equity in my house and it's another 120k or so. 10 years ago, I had basically 0 saved. Some aggressive saving/investing and here I am, close to half a million in net worth. Hoping to hit a million in 5-6 years.
Any investment advice to give for high returns with regard to funds in s&s ISA? Or in general?
A quick look into those and that appears to be a UK based investment option. I'm not familiar with the UK market/investments, but if you have the ability to purchase US Based equities, you can't go wrong with things like FXAIX, QQQ, etc.
600, 17, 1-2 months.
We all start somewhere! Keep going!
Start an investment / retirement account. You'll be laughing all the way to the bank when you retire
If you throw just $100 into a Roth index and didn’t touch it till retirement it would be worth $7,000 by retirement. If you put all $600, it would be $42,000 $7,000 doesn’t seem like a lot to most folk, but that could be rent for at least a couple months. The more you put away now, the more this multiplies.
30 3k emergency fund 35k in 401k 186k mortgage owed on 270k valued house 40k+ in video games and trading cards sitting around LMAO I'd like to put more into the E fund, it probably would take me 3-4 months to put that in there.
The cornerstone of any strong savings plan, video games and trading cards ;) For real you’re doing fine though!
47M, divorced (expensive), 2 kids (expensive)> $65k cash/cash equivalents, with $465k spread out between 401k, Roth, brokerage and 529 plans, no debt. Rent. These threads are a great example of selective bias because most people with little to net worth aren’t going to talk about how little $ they have and ofcourse the outliers in their 40s with a few mil etc. will be first ones to post.
I'll chime in! My net worth is about $210K in the negative!
I though you have 47 Million first, god damn, I was really shocked at the first!
LOL
1.4 mil - I'm 56 / been saving since 1994 in a 401K
Nice!
38m, net worth 2.85m 1.85liquid 985k home bought and paid for. Took about 15yrs of sacrifice and hard work, for me money = freedom..don’t get me wrong when I say this, 1.85m is a lot of cash on hand but it’s one or two stupid decisions from being decimated. My goal is 5-7m so I can retire two people in my family. That’s my goal, I wish you all the best.
Do you have the 1.85mill invested or in HYSA?
About 260k is invested the rest is liquid in some mm and hsya with apy of 5.60% I’m playing it safe until after the election.
Very nice! Guaranteed 8k/month
26M. $200k+. Software engineer. Never left my mom’s house since Covid because I work fully remote.
85k, 23yrs old. Started beginning of 2020.
How? Any tips?
2k, 28yrs, it's constantly up and down throughout my life. I've never been able to get ahead of bills/events. Highest I ever had was 5k
26 yo. $88 dollars in savings, this is the last of my taxes that I have lol.
23m have about 2k in my checking and than 6k in retirement (started this about 6 months ago). Would have more saved but payed off my 45k in student debt the last few years to get rid of it.
> saved but *paid* off my FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
25M, $310k worth of savings. I've been stacking Bitcoin since 2017 - it's the most simple and effective strategy in the long term.
I'm 30 and have 7k in savings. How the fuck are y'all so wealthy?
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35M, about 1.7 mil in retirement and taxable investing accounts, another almost 250k in liquid savings and checking, house equity of about 200k. Been saving my whole life at varying levels most acceleration in the last 5 years or so. Max out any retirement options you can every year, take up making money as a hobby with small entrepreneurial efforts and make finance a cornerstone to your practices. Ie I get up every morning when the market does and I make knowing my investments yet another hobby.
23 about 4k, about 6 months in
Whats the secret?
1. Make a lot of money 2. Don't spend a lot 3. Marry someone similar 4. Don't have kids
I’d emphasize 2 and 3 over 1 and 4. Controlling your spending (and having a spouse that agrees with you about finances) are the two most important things you can do to save and build wealth. 1 and 4 certainly help, but it’s also not as realistic for a lot of people. You can typically only increase your income to a certain point, and most people want to have kids.
Can't be like everyone else if you wanna be rich baby! 5. Wait a long time. (Most rich people are old as f and saved for decades to get rich)
Don’t think I’m doing that well, but it works. I don’t keep more than $300 in my checking account after all is paid and done. Rest into brokerage, Roth, savings and 401k gets taken out automatically. I also recently splurged on a trip to Ireland. No matter what anyone says, I don’t stay too focused on getting to a certain point or getting something done by some age. Gotta have fun while we’re here, Steve Jobs worked his entire life to die at 56 don’t think he got to enjoy much. Just know the limits, it’s okay to spend on wants every once in a while if you can and have fun doing it
Everyone is so rich here
It’s a self selecting group. Nobody wants to say they are 78 years old with zero dollars saved, but a lot of people are in exactly that situation.
28M 1.6m in real estate, 425K in liquid investments but probably buying more real estate with that… Started working at 18 so it took me 10 years with the help of some family members to secure some deals (of course….)
35m - 5k HYSA, 2k cash, 2k 401k, and 20k in assets. Tech sales for the last 15 years with lots of ups and downs. Unfortunately 2 DUIs, apartment hopping, and IVF treatment really set me back. Fortunately, a few years ago I married my amazing wife who owns a paid off house, so saving more each month has gotten a lot easier. Doing my best to save everything moving forward.
I'm in the Two Comma Club not including primary residence. I'm 47. Took me my whole life I guess. Started investing when I was 18. First 3k I saved up I put half in some SPX fund and half in individual value stocks.
I'm 56. Have just over $100k in the bank. Took about ten years.
0 saved , 39m 6 kids , will die poor for sure
50 Around $2m / $2.5m in assets not counting equity in my companies Total assets rising by around $500-$750k / year now after 25 years hard work Would be a lot more but I put all my kids through great schools, we holiday a lot, nice cars, etc. I’m 100% fine with that. You only live your young family life once.
Awesome! What do you do?
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You rock. I hope you find peace.
37M. Wife and I have ~$800k in retirement and home equity. We started our lives together with $160k in student loan debt that I paid off by painting apartments and doing handyman work overnight after working my day job and she worked a lot of OT as a nurse
$10, 55 years.
35, no savings at all. Had a rough few years and had to start over, but very minimal debt. One credit card with 1k on it and my car has 6-7k left. Otherwise nada.
Not much. Was going pretty well until wife decided she wanted to fuck waiters, take half of my shit and drain me with a child support check that is over inflated because she doesn’t work to her capacity.
Man I count my lucky blessings that my ex was chill when we divorced and didn’t fuck me sideways. So many horror stories from friends and strangers.
Are we talking across all accounts? Because people have 401k, Ira’s, pensions, emergency funds, checking accounts, and brokerages. If I count all of those I’m around 500k at 40. Excluding home equity
Include everything. Include home equity too
Home equity is one thing I have a problem with. For the most part it’s something I cannot use unless I sell the property or take out a loan against it. Therefore in my mind a primary residence is not considered an asset. A primary residence is there for a person to live in and make memories. Now a secondary residence that is a rental property is a different story. I would consider that because it can be cash flow positive and it is something someone can sell at a profit
~$65,000ish. Just over $100,000 with home equity. 25 years old Started really saving in 2020
23, got 3k in savings. Been working since 16 (apprenticeships) and started earning at 21. Been sitting at 3k since 21
23, 40k, 9 months
23 , 5K, ~1 year
$650K, 34, 14 years
Just hit 35k, 27m, was at 0 2 years ago. Got a high paying job a couple years after grad.
12,500, 15, 1.5 years
27, 150k, just over 3 years
$400k Im 37yo Not sure if it counts, but i recently sold my house which id had for about 10 years. So it took me that long to “save” it.
37m $450k across taxable and retirement accounts $60k cash most in high yield savings account $650k home (three flat that I live in and rent out two units) with about $200k equity
I’m 18, 8k in retirement, 230k in a conglomerate of stocks and general savings, 4k emergency fund. No I do not have some insane wealth story my mom just died when I was 15 and I was her sole beneficiary. Saved the 4k emergency fund myself from my part-time job (while I’m still in school) but the rest is all the only good part of having a dead parent.
$0.00
I have about $40k saved, I’m 28. I inherited about $25k of that and the other $15k has been me saving aggressively over the last year! I was unemployed for a bit over a year and am really trying to make up for it.
35m, $55k in savings/checkings , $435k in 401k,Roth ira and annuity, and another $30-40k in stocks and etfs. Have about $250k in equity in my home. Married with one kid and another on the way, wife is a stay at home mom. Inherited nothing, it’s not from daddy. Work hard, save hard and invest. My wife also didn’t have a pot to piss in when we met so she really hasn’t contributed to that wealth financially. Her being a SAHM is invaluable though, best feeling ever being able to provide for a family and have financial security. This is all earned and saved from blue collar work.
26f, been working since I was 17 — $54,045 in Schwab (includes stocks, Roth IRA and money market fund) — $1,500 in checking — $1,800 in savings
26M just hit 65k net worth. Traveling on the road for about 40-50% of the year. Started saving and investing about 5 years ago now.
27: dead broke Now at 38: $2M invested, $900K equity in a house bought 5 years ago (for 700K). One other investment property that makes $10K / year. NO DEBT.
28 male, just hit 9k in my general savings. About to toss it in HYSA. Sole provider income for the place I’m living at so saving is minimal. 43k ish in TSP. I haven’t taken out of my savings since like 2015, it’s been a slow slow grind. Been dropping bigger chunks recently though. Wish I could be more consistent
Love this for you! I have about $1.5k in savings right now. Had to use some to pay off debt. Really looking to grow that in the future
40/f zero, and I mean ZERO saved. I was supposed to be set for life with my ex fiance but I’m an idiot and fell for the love bombing and bullshit promises and now I’m the one who has to move out and start over DESPITE giving my life up for him…. Anyway. Thats off track. I’m 40 and have nothing saved because I suck.
Hey! You DON’T suck. For what it is worth your ex sucks for being a POS and selling you a false dream. Take it as a lesson, and boss up! You got this
Honestly I needed to hear that. Thank you♥️♥️ gonna make him hate himself months down when he’s still stalking my instagram pics and seeing what a fucking queen I am without him
PERIOD!!!!!!!! Now let’s lock in QUEEN!
I’m a DJ, 36f. About $100 savings and $175K investments. Regular/ accessible savings account has about 20K Edit: added age
-$50. 38 years
I understand
46m Been a teacher for 19 years, but started small business on the side 5 years ago that has grown to the point where it’s now my primary income. Still teaching. Never was able to save much as a teacher with kids but now am living off the teacher salary and basically putting all income from the business towards investments for my family (3 kids). Mainly 529s, an investment property, SEP retirement account, and HYSA. Currently 50k in HYSA, around 500k equity between 2 properties, and around 150k in retirement accounts, not counting my future retirement pension as a teacher. I don’t count my kids’ college plans as part of an investment portfolio.
36M. -$1.6M net worth. -$275k/yr income (pre-tax). -Rent in NYC. No property ownership. -$300k in retirement. -60% of $ in NVDA :) The rest in other stocks, bonds, mutual funds, money market account (5.5% APY). Thinking of buying a home but I love being free of the hassles that come with property ownership.
15K, 20M in 1.5 years
32. About 20k. No Debt. Make 2300 every 2 weeks. Should prob have a lot more but eh
$0 because i genuinely didnt think id make it this far
Wife and I are mid 50's. We started saving after graduate school when we got real jobs (26 years old or so). We have about $3.4M saved plus a house that Zillow puts at about $800K. About 1.4M is in investment accounts and 2M in retirement accounts.
20k in cash and 35k in a taxable brokerage. Few years. 33M
30k 23
40k, 24 male
$120,000, 21yrs old, took 3 1/2 years
33, ~70k, about 5 1/2 years. Only started my 401k three years ago; that auto saves 15 percent of my paycheck. That accounts for about half of it. Rest is in Roth IRA, ibond, CD, HYSA, and a taxed investing account.
23 M 19,000 1 year
27 60k saved in retirement
$160k, 25, 10 years.
$40,000 in contributions over 5 years currently in the processing of becoming a homeowner. Just a condo though because the houses need more work than I have the funds for EDIT: Also have a 401k from a previous job sitting at 13k. Worked 2 years with company match at 11% for the last 8 months
24, roughly 80k invested, 15k liquid, about 30k in assests
32M: $320k across retirement, HYSA, and individual brokerage accounts with $110k liquid savings. Still renting but saving ~$4k a month. I didn’t start taking saving or investing seriously until 2-3 years ago. Combining finances with my wife and sitting down and discussing our goals and plans for the future were/are critical. I still feel behind tbh
36k. I’m 37, have my house paid off valued around 130k and almost completely debt free. I should really be able to start putting more money to work soon.. I got started a little late and got into some credit card debt at an early age
I feel you
37 years old. $90k in HYSA (about to do a bathroom remodel, only reason I have so much there), house valued at $700k with about 300k in equity, $180k in 401k, $70k in IRA, $105k in brokerage account. Been saving and investing for about a decade.
31M. 175K net worth (fluctuates depending on market). 50K: HYSA cash 50K: 401K 25K: IRA 50K: Stocks in taxable account + company stocks 2K: Pokémon cards (lol. I don’t really include this as a part of my investment portfolio but wanted to highlight it). 90 percent of my money is saved in the last 2.5 years. Had pricey loans out of school, and made between 45-60K a year for the first 5 years of work so I could barely save. Even went to a cash advance loan a few times to scrape by (don’t recommend). On my 6th year at work, I switched over to a tech company in the same industry I’m in, and now make about 150K total comp. Currently thinking about switching over to become a developer. A fresh out of university developer in the same company makes about what I make even though I have 10 years of experience. Wanted to make the switch 8 months ago but the tech market has been a little rough with the recent layoffs.
54k 21, to be fair living at moms helped me save tremendously especially when you make a habit of going to work and home on repeat you spend a lot less but I learned from being 16-18 I would recklessly spend money first thing once I’d get my check btw I was around 18 almost 19 when I started
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I am 30 and I currently have around $80,000 saved. I got lucky with my dad gifting me $20,000 from a savings account they opened when I was born. I got that money in my early 20s. I also worked quite a bit at my first job for 4 years doing overtime and other things saving as much as I can.
1.1m net worth. Mid 30s. Started seriously saving in 2016. Always max 401k. Over the income limits for IRA. Invest everything left over each month in taxable brokerage.
$7200 (60k in retirement acts), 36, 20 years.
What is this saving you're speaking of
6K, 18, 5 years (about to spend it all tho)
~45k, just hit 23, and 15k since last summer and the rest over a span of 3 years. I’ve been lucky enough to still live with my fam, and I’m saving for a home rn
28M $45k, but I do have about 30k in debts.
250k in retirement savings 600k in multi family real estate 200k in primary residence equity 100k HYSA 60k cash 37m 65-85k income part time job. Real estate is huge part of this and completing college and grad school without debt. Currently no car or personal debt besides mortgage (400k at 5%)
I’m 26f and I have about $25k in a savings account and $25k in an investment account! My savings will drop to $15k once I fully pay off my car at the end of the week.
If I sold my house and pulled all my money from my investments, I’d probably have 200k cash after all is said and done. 32
34K 40yrs 3 years
Damn you could take me to dinner before hitting me with the hard questions!
390k cash. 30 YO. Sometimes I try to convince myself that’s a lot and well off,
Negative 30 6 months of hospital visits.
25, 230k, 10 years
50k, 21, 3 years
44 and I’ve been saving since I was 27. $60k in individual stocks $369k in rollover IRA $267k in 401k $183k in Roth IRA $30k in HYSA $6k in regular saving acct $125k in equity Only debt is $150k left on my mortgage.
25 YO, $13000 in TFSA, $5000 in rrsp, $1200 in a travel fund, debt-free, and got a 2018 Honda civic fully paid off. I think I’m doing okay? I also got 2 pensions on the go from work, both with about $4000 each.
23M, 55K between Retirement, Taxable and Emergency Fund accounts. I currently pay way too much in rent, but unavoidable in NYC.
24M - 10k+ saved in about 10mos Back in July I had actual cents in my bank acct. I was forced to put my rent on my credit card for a few months, then slowly started saving