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Net Worth at 30

Posted on 7/28/13 at 2:03 pm
Posted by nolanola
Member since Nov 2010
7580 posts
Posted on 7/28/13 at 2:03 pm
Based on the perfect salary thread... What is a "good" and "great" net worth for someone at 30?
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72360 posts
Posted on 7/28/13 at 2:20 pm to
1,000,000 dinars!
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 7/28/13 at 2:21 pm to


That was the perfect answer for that question in my HUMBLE opinion.
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 7/28/13 at 2:25 pm to
any less than $1.5M and you should consider your life a failure.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48871 posts
Posted on 7/28/13 at 2:25 pm to
one thousand rupies
Posted by I Love Bama
Alabama
Member since Nov 2007
37687 posts
Posted on 7/28/13 at 2:40 pm to
Depends where you are in your career.

My net worth is a about one year of my gross income. I feel that I am further than most.
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 7/28/13 at 2:40 pm to
If somebody went to med school, law school, or got a PhD, then they would probably be doing well to get to a net worth of ZERO by that point.

Getting to $300k net worth by 30 would probably be considered "great" based on prior threads on this board.

Here is an interesting blog post that theoretically suggests "the average net worth of the above average person" as $240k at 30. LINK. I would consider that number to be way more than just "good".

I would think almost anyone could have $100k by 30 if they started a career around age 21 or before and were somewhat diligent in their finances (or super diligent with a low income).




Posted by The Easter Bunny
Minnesota
Member since Jan 2005
45564 posts
Posted on 7/28/13 at 3:22 pm to
quote:

Here is an interesting blog post that theoretically suggests "the average net worth of the above average person" as $240k at 30.


well frick

As someone who just finished their PhD and is just about to start their career at 29 I know I won't be hitting that number.
Posted by rintintin
Life is Life
Member since Nov 2008
16141 posts
Posted on 7/28/13 at 3:31 pm to
Yeah that number seems astronomical when looking at most of the people I know at that age.
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3786 posts
Posted on 7/28/13 at 3:34 pm to
Good posts. Seems high for "normal", but I was going to say $200k-$300k would be doing well.
Posted by CP3LSU25
Louisiana
Member since Feb 2009
51150 posts
Posted on 7/28/13 at 4:32 pm to
quote:

Getting to $300k net worth by 30 would probably be considered "great" based on prior threads on this board.



2 percent of 30 year olds have that.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41146 posts
Posted on 7/28/13 at 4:39 pm to
by comparison

the median net worth of single white women ages 36-49 is $42,600, single black women, in the same age group have a median wealth of just $5.

LINK
Posted by Skin
Member since Jun 2007
6370 posts
Posted on 7/28/13 at 4:42 pm to
quote:

I would consider that number to be way more than just "good".


I agree. Especially in Louisiana. The salary for my career certainly lags down here compared to most other parts of the country. But I enjoy the lower cost of living and less debt.
Posted by Beerinthepocket
Dallas
Member since May 2011
850 posts
Posted on 7/28/13 at 4:43 pm to
I'd agree with the $300k networth number.

Edited due to bama thinking I was being a dick. My apologies.
This post was edited on 7/28/13 at 5:12 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
37687 posts
Posted on 7/28/13 at 4:54 pm to
Well shite if we are counting family stuff I'm a multi millionaire.

You should state the networth you have acquired alone in relation to your income to add substance to the thread or this is just a dick measuring contest
This post was edited on 7/28/13 at 4:56 pm
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 7/28/13 at 4:56 pm to
quote:

Well shite if we are counting family stuff I'm a multi millionaire.




im with bama,right? this guy's showing off here, i dont care my penis is still bigger and I date an OT 12
This post was edited on 7/28/13 at 4:58 pm
Posted by Beerinthepocket
Dallas
Member since May 2011
850 posts
Posted on 7/28/13 at 5:15 pm to
Sorry, didnt mean to sound that way. Wasn't counting anything I don't have legal ownership of.

All things aside I enjoy your and big fella's posts so I was disappointed to see y'all saw it that way.
Posted by LSURussian
Member since Feb 2005
126857 posts
Posted on 7/28/13 at 5:36 pm to
quote:

What is a "good" and "great" net worth for someone at 30?
By 30 a professional should be somewhere around 1/2 million dollars net worth.

Double that by 40, double again by 50 and double again by 60, IMO.
Posted by I Love Bama
Alabama
Member since Nov 2007
37687 posts
Posted on 7/28/13 at 5:37 pm to
I wasn't trying to be a dick.
Posted by SmackoverHawg
Member since Oct 2011
27317 posts
Posted on 7/28/13 at 5:39 pm to
Mine was about 150-200k at age 30. But had only been working for 4 years and the wife for 4 years and had two kids. But zero school debt from med school and pharmacy school.
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