re: Net Worth at 30

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No way these numbers are correct. If a mortgage negatively affects your net worth, how would a 30 year old have over 300k?

Let's say your house has a mortgage for $250,000. How would one have so much wealth at 30?

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Net worth is an approximation. We bought a 90,000k home and put 20k down. The home is still worth 90k. Not to mention improvements I made that increased the value. So a home mortgage doesn't necessarily hurt your net work. We bought at age 26 for 90k and sold 4 yrs later for 135k selling ourselves so no commission. So, yes the numbers do add up.

Assuming you pay a fair price for your home and property values don't decline, a mortgage would not hurt your net worth and would help it if property values went up.

Say you made an average of $80k a year from 22-30. Saved avg of 20k a year. That's already $160k. Add gains on investments and it is definitely doable to get to that amount.