Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
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.
I don't have any idea about when i can save 100K,as a girl,more or less money will not put too much heavy in my heart for at least i'm independent on the money.24 yrs out of college with a job to support myself.So far so good.I like traveling,an expensive hobby,but i will try to do best at my work and earn enough to feed it.Thanks.
The best investment guru whom I have interviewed told young adults starting out that the first $100,000 in investments is the hardest to achieve. And with every successive $100,000 it becomes progressively easier.
Took two years roughly to double it. I noticed talking with others mid twenties is I'm much more comfortable with risk than many of them, if not all of them.
Started my post-college job a few months ago, goal is to make $100,000+ July 15th, 2014 - July 15th, 2015. Save as close to half as I can so I have something to put down on an apartment/condo downtown in the nearby city.
Last edited by LordSquidworth; 07-17-2014 at 08:41 AM..
I didn’t get out of the military until age 27, purchased a small house and had hardly any savings. By the time, I was 33 we had $40K invested. We saved every dollar and purchased rental properties. In the early 1980’s and in my early 40’s the properties we owned was valued close to a million. The real estate marked crashed in Texas as did my investments.
Started investing extensively in the stock market and became a multimillionaire during the 1990‘s. Lost over one million during the first crash. Bounced back somewhat and lost some during the second crash.
Made a great recovery during the past five years and am now on the plus side again. I only include cash, bonds and stocks in my net worth.
48 but then i took off like a rocket after that. the unexpected comeback. that sometimes happens when you are on your knees about to go out for the count.
but most i have seen, often stronger, better and smarter than me, just go down and stay down.
the comeback i see much more often in fencing than real life.
Take your pick. If you have been born into money, inherited property etc it is doeable. Or, like my collwge roommate who had $60k saved from yrs of literally working 60 (or even 70+) hr work weeks. I am surrounded by college grads and litetally do not know one who is anywhete close to 6 figures. If we count 401k or in my case defined pension contributions, that changes things. But savings? The median income for two earner housrholds in California is in the $50k range. People in my syate are by and large steeped on debt with little savings. In contradiction to the matter of fact question posed by this thread, that's the norm rather than the exception. If you have done it though hats off to you. I was really just responding to Mr. Smart a-- though lol.
Actually, California's median household income is 58K. For a two earner household, it would be higher....but the rest of your post is correct.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
