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re: Net Worth at 30

Posted on 7/30/13 at 1:06 pm to
Posted by anc
Member since Nov 2012
18205 posts
Posted on 7/30/13 at 1:06 pm to
Didn't read the entire thread so this may have been mentioned, but in the Millionaire Next Door, the formula is this:

Annual Income x Age/10

If someone who makes 80k at 30 has more than 240k, they are doing well.

Posted by dewster
Chicago
Member since Aug 2006
25446 posts
Posted on 7/30/13 at 1:27 pm to
The Millionaire Next Door formula is BS for a 30 year old.

It's more relevant for someone that's been working 10+ years.
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