- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: What's a "normal" amount of money for a late 20s person to have in savings?
Posted on 7/29/13 at 11:02 am to jjbodean1970
Posted on 7/29/13 at 11:02 am to jjbodean1970
quote:
reading this thread it sounds like the wife and i dont have enough saved at this point, and we always felt like we were ahead.
we will both be 43 this year and between the 2 of us in savings, home equity, retirement plans, and 529 accounts we are sitting combined at about 1.4M net worth, or only 700k each, (the actual split is about 66/34 in favor of the wife). looks like we have some work to do.
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.
1
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
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.
Posted on 7/29/13 at 11:08 am to ThaBigFella
quote:the prospect of being behind was never a thought until i read this thread. i always figured we were pretty well ahead at this point.
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.
Posted on 7/29/13 at 11:14 am to jjbodean1970
damnit, looks like i posted this in the wrong damn thread 
Posted on 7/30/13 at 2:25 am to WG_Dawg
3months living expense in a savings account.
Keep about 1K in checking account anything more and wife buys too much stuff for kids.
No ira's right now but not too worried I have other assets -land, timber, mineral rights, etc......
No credit card debt.
Mortgage, wife's student loan, and one car payment.
Considering her parents and my parents at our age we are doing fine.
Keep about 1K in checking account anything more and wife buys too much stuff for kids.
No ira's right now but not too worried I have other assets -land, timber, mineral rights, etc......
No credit card debt.
Mortgage, wife's student loan, and one car payment.
Considering her parents and my parents at our age we are doing fine.
Page 4 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News