re: What’s a great net worth by 45?

what does it profit a man if he gain the whole world but lose his own soul

if you aren't giving so much it hurts, you're wasting your talents and life

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My opinion is anything over 1.5 mm is respectable at 45.

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That’s a pretty big number for most people to have saved by then, let alone be free and clear of a mortgage.

I think net worth is tough to use as a true gauge. I know our situation and am happy about our invested assets and equity we have in our home, but with a mortgage we won’t be anywhere near $1.5 at 45.

Do I divide by 2 if married?

I anchor on invested assets for my target. I ignore home equity and emergency cash as it isn’t something that “works for me” for the future.

Come on…why even post this BS? How disconnected from reality are you?

It's babytac

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I ignore home equity and emergency cash as it isn’t something that “works for me” for the future.

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Both of those can work for you. You can borrow against home equity. Emergency fund should be in a high yield savings that’s working for you at 4.5% - nearly as good as the market right now

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This is how I orient my goals. This may deserve its own thread but I’m curious how you focus on your path to the goal. I’m currently maxing my investment options and I’m ahead of schedule. As my family grows we consider a move to a higher cost of living city, I’m focused on getting close to 1.5M invested and start easing up on investing. Curious if anyone has a target of investible dollars at a specific age that allows for a more casual investment glide path.

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What you describe is similar to “Coast FIRE” on the investment glide.

I’m a big believer in the process / structure of investing across the most tax efficient vehicles available in as automated a way as possible. Requires basically no energy once the system is established. In that sense, I continue the process even as I reach those goals. In the simplest view, I don’t have something I actively need the money for so I might as well continue investing the excess to at least outpace inflation. The “excess” goes into a taxable brokerage so it can be accessed at any time if needed for some new use.

It’s definitely feasible to expand your lifestyle and stop investing new monies if you get a big enough base established early enough. I haven’t done this but I also don’t worry about larger expenses when they are needed.

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Come on…why even post this BS? How disconnected from reality are you?

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If your home isn’t paid for by 45, then you’ve probably made bad decisions buying homes you really can’t afford.

Not overspending on vehicles that are more than a need.

Contributing max to 401k

Investing another 15%/month.

Those who do this get there fairly easily even with contingencies along the way. Those that don’t need to make major changes by 45 or they’ll never get where they need to be. My statement was not outlandish. People complain about not being there prob buy a lot of things they can’t afford.