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but i will have you all know that i will be crossing into positive net worth in the next month or so. that is, the value of my savings, investments, and car equity combined will exceed the amount of my student loan debt. and yes, i do count my car that is valued at $2000-3000. if any of you got a problem with that, then you know what you can do.
my goal is to throw 10-15K at my 401ks and IRA combined per year. yes, 401k(s). i have two active 401ks that both employers routinely match. both of which contain different sector funds for diversification purposes. i plan to max out my roth every year, except this one. i could only put $4,000 in it because of student loans and dental expenses.
i hope to get close to 100K by 30.
yes, i am a "9 to 5 wage slave". do i care what you think about that? no
By saving first 100K, I meant in terms of networth. If you own a house with 100K in equity, then that also counts too.
If you don't have 100K yet, what is your current age and networth?
I am 27 and have about 60K saved up, and I am just wondering how everyone is doing.
Still in grad school myself, so it may (read: probably will ) be a few more years before i get to 100k. Probably will be 30-32 years old depending on job situation.
early 30's, but the kicker is that I was 26 years old and $2500 in the hole when I started. I got a steady job soon after that paid apprx 25-28K per yr and I saved like a monk.
I got into mutual fund investing and had just cracked the 100K mark before the tech bubble popped.
Lots of mac and cheese, and ramen too. My "big splurge" was a Jack In The Box Ultimate Cheeseburger and a Super Scoop of fries, every friday after I cashed my paycheck.
If you're on the road to saving, KEEP AT IT!! Don't get scared outta the stock market, corrections do happen, but SO DO RECOVERIES.
We had about that much equity in our house around age 30. We didn't really do anything to earn that, though. Through the market swings of the last few years, and 2 houses later we are still clinging to that same equity.
I just count retirement, savings, and other investments. I have a house, but don't like to figure it in, because I likely would not sell it to fund my retirement, or anything else for that matter.
We hit 100k in liquid networth when I was 30 and my wife was 27 (This was last year).
I have a house, but don't like to figure it in, because I likely would not sell it to fund my retirement, or anything else for that matter.
I think 29 (single).... wish it had been sooner, and it could have been, if I hadn't had an addiction to cars
I just quoted mizzourah's post, because I feel similarly.... for now.
However, the home I currently live in will be way too much house once my wife and I retire, and we will likely downsize into a home half the size or smaller. So I approximate that half the value of my home will likely become liquid at some point in the future.
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. that is, the value of my savings, investments, and car equity combined will exceed the amount of my student loan debt. and yes, i do count my car that is valued at $2000-3000. if any of you got a problem with that, then you know what you can do.
