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I have slightly over $30k in mutual funds. That number was higher but took a hit a few years ago and is slowly making its way back up. My parents forced me to put all birthday money while I was growing up in savings and they invested it for me. It bummed me out not being able to spend it back then, but I'm thankful now. I started working when I was 16 and put most of my earnings into that also and, although I didn't make much, it added up over time.
We have $10k in a combined savings account for emergencies or whatever. That number fluctuates a lot.
Our house is where most of our net worth is. We bought it in November 2012 and got a great deal. We paid $140k and it's worth a bit over $300k after the renovations we've done. That puts us right around $200k at 21.
I have slightly over $30k in mutual funds. That number was higher but took a hit a few years ago and is slowly making its way back up. My parents forced me to put all birthday money while I was growing up in savings and they invested it for me. It bummed me out not being able to spend it back then, but I'm thankful now. I started working when I was 16 and put most of my earnings into that also and, although I didn't make much, it added up over time.
We have $10k in a combined savings account for emergencies or whatever. That number fluctuates a lot.
Our house is where most of our net worth is. We bought it in November 2012 and got a great deal. We paid $140k and it's worth a bit over $300k after the renovations we've done. That puts us right around $200k at 21.
maybe its me, but i found it really hard to believe you bought a house in the dc area for 140k.
At what age did you pull out $5,000 from your wallet and spend it all on one thing?
At the age of 18, except it wasn't $5,000. It was $13,000 and for school.
I bought something for work once (single thing-a software license) that cost $8 million dollars. I'll probably never pass that in real life unless I win the lotto.
Now that I'm 58 yo. But you can remove a 0 (I have 10. 000 in savings not 100 000!) -excluding real estate though (I own my own flat, mortgage has been paid)
That is how I would assume net worth yes. The only non cash or investment asset I count is the house though. No personal items or cars or anything.
Sounds like you're doing great!
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