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re: 100K Net Worth
Posted on 7/29/15 at 2:18 pm to SomeGuyFromLA
Posted on 7/29/15 at 2:18 pm to SomeGuyFromLA
It depends (obviously)..
I just turned 23 with a net worth of ~80k.. Obviously I'm an outlier and had a lot of help from my parents (subtle brag).. but my net worth has only grown by about $10-$15k in my first year out of school. I'd like to hit $100k by 25.
I do not have a 401k offered by work so obviously no employer match.. though that would definitely help you get to $100k faster. I'd say hitting $100k by 30 would just be so-so if you have employer match and make more than say $50k a year. It'd be an achievement if you made $35k a year with no employer match.
ETA: Graduating with student loan debt would also be a big inhibitor of hitting this goal.
I just turned 23 with a net worth of ~80k.. Obviously I'm an outlier and had a lot of help from my parents (subtle brag).. but my net worth has only grown by about $10-$15k in my first year out of school. I'd like to hit $100k by 25.
I do not have a 401k offered by work so obviously no employer match.. though that would definitely help you get to $100k faster. I'd say hitting $100k by 30 would just be so-so if you have employer match and make more than say $50k a year. It'd be an achievement if you made $35k a year with no employer match.
ETA: Graduating with student loan debt would also be a big inhibitor of hitting this goal.
This post was edited on 7/29/15 at 2:52 pm
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