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re: What's a "normal" amount of money for a late 20s person to have in savings?
Posted on 7/29/13 at 11:03 am to ThaBigFella
Posted on 7/29/13 at 11:03 am to ThaBigFella
quote:according to lsurussian, who seems to be very well versed in money matters, one should have 1M net worth at age 40. i am assuming this is per person. i am apparently behind.
Surely you are trolling if you feel a net worth of $1.4M isn't enough. I mean it's not alot of money in the scope of things, but in comparison to the average american? You really must be kidding, you are very very very far ahead of the average 43 year old.
This post was edited on 7/29/13 at 11:04 am
1
Posted on 7/29/13 at 11:05 am to jjbodean1970
Yes, bc the average american is worth $1M at 40. LSURussian is only taking into account small business owners,doctors,lawyers,investment bankers, and the other professionals. If the average american was worth $1M at 40 we would be living in the golden ages of america.
I have a hard time believing someone worth $1.4M truly believes he is behind in life by being a millionaire with another 20+ years before he retires therefore ending his career worth north of $5M at the current pace he's at.
I have a hard time believing someone worth $1.4M truly believes he is behind in life by being a millionaire with another 20+ years before he retires therefore ending his career worth north of $5M at the current pace he's at.
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