re: age vs. money in the bank

Lynx - I didn't start making a good income till I turned 26. I'm 29.

I've got roughly 15k in savings.
30k in roth, 401k, etc
5k in checking

100 - 120k in housing equity on rental properties. (This was amassed while making less than 50k a year)


I'm getting close to making 6 digits a year now so I hope to increase these numbers dramatically. Specifically in the NNN market with grade a tenants.

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So what is good savings at this point for someone working for a couple years? 10, 20, 30, 40, 50+ thousand?

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No idea. I would like to think that at this point it's more about not having debt and having a propensity to save. That would put you ahead of most 24 year olds. I'm 24 as well(we know each other, not sure if this has been established yet or not) and I'm saving 20% into my 401k and have a small emergency account set up as well as a Roth and regular brokerage acct. At this rate I'll have saved more than 1x my salary before the time I turn 26 but I haven't accounted for the possibility of going back to school or buying a home.