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re: Net Worth at 30
Posted on 7/28/13 at 6:40 pm to tirebiter
Posted on 7/28/13 at 6:40 pm to tirebiter
Law: $100k+ starting at age 25 at the big firms.
CPA: $55k starting at age 23 at the big firms.
Banking: $90k+ with the big firms starting at age 22.
So it's doable in all three of the careers you just stated that its not. Also, selling a business would not have an effect on your net worth if sold at fair value, as the cash you receive would be equal to the fair value of the company you previously owned.
CPA: $55k starting at age 23 at the big firms.
Banking: $90k+ with the big firms starting at age 22.
So it's doable in all three of the careers you just stated that its not. Also, selling a business would not have an effect on your net worth if sold at fair value, as the cash you receive would be equal to the fair value of the company you previously owned.
Posted on 7/28/13 at 6:45 pm to Beerinthepocket
quote:
So it's doable in all three of the careers you just stated that its not. Also, selling a business would not have an effect on your net worth if sold at fair value, as the cash you receive would be equal to the fair value of the company you previously owned.
The subset you are qualifying/quantifying is no way the majority of those occupations. Fact, very limited subset. How many new lawyers even get jobs paying > $50k or even obtain employment as an attorney anymore? IRS tax filing data can be quite informative.
Owning their business indicates they weren't working shills on a fixed salary and could generate higher incomes and equity in their business increasing net worth over time.
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