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re: Net Worth at 30
Posted on 7/28/13 at 6:45 pm to Beerinthepocket
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.
1
Posted on 7/28/13 at 7:25 pm to tirebiter
I didn't think we were discussing the the net worth of the majority, but the net worth that would be considered "great". To obtain a "great" net worth, it can be assumed that the job in each of those fields would also be exceptional. So I guess I'm talking about the top 10-25% of individuals in those fields.
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