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Forum » Age: 27 - Net Worth 54k, am I gonna make it?
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Thread: Age: 27 - Net Worth 54k, am I gonna make it?

post 1653730363 01-04-2022, 04:05 PM
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i'm worth about a piss fart

nothing zilch

ready to rope

your goner make it opie i just know it
post 1653730863 01-04-2022, 04:15 PM
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Originally Posted By MyFrauddBrah⏩
You're in Australia, you aren't part of any "we". You'll leave your house only if you're told you're able to, cuck. Be a good little boy and keep the front door sealed tight for me, k?
Settle down peasant or I’ll leave you a 1 star review
post 1653731133 01-04-2022, 04:19 PM
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#33
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I'm 34 and have about $200k including paid off car, motorcycle, $110k cash, IRA, 401k, and stocks. My condo is probably a break even. I've been working on moving cash from savings to investments, a slow process.
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post 1653732843 01-04-2022, 04:54 PM
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#34
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Originally Posted By CherryPopinski⏩
It sucks cause despite making good money, I can’t even afford to live comfortably on my own due to inflation

KrackerJacked makes fun of me, butI sold my house last year and used the proceeds to eliminate my debt

Currently I live rent free with my family so I’m actually saving money regularly right now and they don’t charge me bills either.

I do buy take out for my family pretty regularly since we don’t cook as much since everyone’s always working so I do still need to be somewhat mindful of my spending
I’m still not getting the logic

How much was the debt? Are you now saving money at a rate that is faster than the growth of house prices?
post 1653733023 01-04-2022, 04:57 PM
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Originally Posted By mgftp⏩
Rough start but there is still plenty of time.

If inflation keeps up nobody in the US is gonna make it. BRB, $200 for a dozen eggs.
Speaking of which went to the store today and there’s was literally no eggs
No man has the right to be an amateur in the matter of physical training. It is a shame for a man to grow old without seeing the beauty and strength of which his body is capable.

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post 1653733813 01-04-2022, 05:13 PM
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#36
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At 26 I was 50k in credit card debt and had a home loan for 300k... so -350k

By 27 I made it with a major windfall from an excellent investment

It's a lot of luck, lot of timing to really make it...

At 32 I don't even want to say my net worth but it's good, real good.
post 1653734083 01-04-2022, 05:20 PM
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#37
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Originally Posted By r32gojirra⏩
I’m still not getting the logic

How much was the debt? Are you now saving money at a rate that is faster than the growth of house prices?
I bought a 2018 370Z brand new from the dealer and my loan was about 28K remaining

I don’t plan on selling the car so why am I gonna pay more in interest over time when I have the liquid funds to pay it off and not have a loan anymore
No man has the right to be an amateur in the matter of physical training. It is a shame for a man to grow old without seeing the beauty and strength of which his body is capable.

-Socrates
post 1653734103 01-04-2022, 05:20 PM
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#38
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I’m 32, probably about $200,000 net worth, but half of that is home equity and $50k is a retirement account from my last job (S&P index fund)
Originally Posted By CherryPopinski⏩
I have issues working summers on patrol, I’m very prone to heat exhaustion. So I was trying to lateral out of state but it didn’t pan out. Not sure what I’m gonna do once it gets hot again. Just trying to figure out how I can keep working
Just bungle a case so that your captain parks your butt behind a desk for the summer
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post 1653734503 01-04-2022, 05:31 PM
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Doing good OP, it all starts snowballing once you get a little capital invested. Oh and it helps alot to have a girl on board with your goals. Wife and I are 31 and 33 respectively.
post 1653734553 01-04-2022, 05:32 PM
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Originally Posted By CherryPopinski⏩
I bought a 2018 370Z brand new from the dealer and my loan was about 28K remaining

I don’t plan on selling the car so why am I gonna pay more in interest over time when I have the liquid funds to pay it off and not have a loan anymore
No it was more the selling the house part I was questioning

How much have house prices gone up since you sold?
post 1653735043 01-04-2022, 05:44 PM
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Great considering most people your age have a bunch of debt including 50k+ student loans.
post 1653735153 01-04-2022, 05:46 PM
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Over for me.

$60k at 31.

But I'm also now putting like $17,480 in for my 401k which includes the match... and $6440 my company puts in a pension plan. So maybe I'll make it.
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post 1653735463 01-04-2022, 05:52 PM
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Regardless of how much you have now, any investor will say they wish they had started investing sooner and more heavily. So keep that in mind.

I bought my house 10yrs ago, which was a great decision due to 6 figures of equity now. But I didn't start investing heavily until 2017. Well into 6 figs of net worth now, but we're also in a clown market....

Try not to compare yourself to others. Compare where you're at to where you were, and improve upon it. We're all on our own path. My brokerage account compares myself to my peers and I'm above all of them, so there's definitely frauders in this thread or perhaps legit 1%ers? I doubt it. Most people my age have a net worth of 75k according to my broker's ai calculation. Even though I exceed my peers by far, I still don't feel like I'm where I want to be. Even though I have 0 financial worries.
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post 1653735563 01-04-2022, 05:54 PM
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Good job op
post 1653737323 01-04-2022, 06:29 PM
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Originally Posted By r32gojirra⏩
No it was more the selling the house part I was questioning

How much have house prices gone up since you sold?
I co-owned with my cousin and we had some minor disagreements. He wouldn’t let me buy him out so we just sold and cut it even. If we had waited we probably could’ve sold it for more than we did
No man has the right to be an amateur in the matter of physical training. It is a shame for a man to grow old without seeing the beauty and strength of which his body is capable.

-Socrates
post 1653737413 01-04-2022, 06:31 PM
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#46
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i stopped saving after i hit 100k (at 25) lol. And I spend all my investment gains as they come in.

(all goes to escorts)

You are doing good. They say your salary by 30. Just retire off inheritance anyways lol.
post 1653743093 01-04-2022, 08:27 PM
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Originally Posted By CherryPopinski⏩
I co-owned with my cousin and we had some minor disagreements. He wouldn’t let me buy him out so we just sold and cut it even. If we had waited we probably could’ve sold it for more than we did
Fair enough.

I guess the thing is that “net worth” is very different if you have a recurring and unquantifiable liability (rent) versus someone who has at least one house and their debt is in nominal dollars

Are you planning to buy back in at some point?
post 1653743323 01-04-2022, 08:33 PM
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#48
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Originally Posted By r32gojirra⏩
Fair enough.

I guess the thing is that “net worth” is very different if you have a recurring and unquantifiable liability (rent) versus someone who has at least one house and their debt is in nominal dollars

Are you planning to buy back in at some point?
Eventually but the markets so expensive right now and I’m living at home rent free so I’m not particularly in a rush
No man has the right to be an amateur in the matter of physical training. It is a shame for a man to grow old without seeing the beauty and strength of which his body is capable.

-Socrates
post 1653761603 01-05-2022, 08:24 AM
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Originally Posted By CherryPopinski⏩
I have issues working summers on patrol, I’m very prone to heat exhaustion. So I was trying to lateral out of state but it didn’t pan out. Not sure what I’m gonna do once it gets hot again. Just trying to figure out how I can keep working
start contributing to a roth ira. tax free gainz
post 1653762983 01-05-2022, 08:52 AM
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Don't get all hung up on it. Most of you don't calculate it right anyway.
Always Pick #4
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post 1653763723 01-05-2022, 09:05 AM
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Hey OP didn't you own a house (with your cousin) before? Why on earth did you sell it?
post 1653791213 01-05-2022, 04:54 PM
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Originally Posted By woadito⏩
Hey OP didn't you own a house (with your cousin) before? Why on earth did you sell it?
Already answered that question above
No man has the right to be an amateur in the matter of physical training. It is a shame for a man to grow old without seeing the beauty and strength of which his body is capable.

-Socrates
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