Net Worth? (payment, million, debts, credit)

[Joe107]

What is an average net worth for someone in their thirties?

[jhlcomp]

I would venture to say that is near impossible to answer.

[NewToCA]

Read the October 9th, 2006, posting in this attachment, it should give you some insight:

Net Worth Statement—� AllFinancialMatters

[GreenMachine]

Originally Posted by Joe107

What is an average net worth for someone in their thirties?

Not sure what you are after. Why are you asking?

[Sage of Sagle]

Joe,

While I agree with the above poster that it's tough to know...certainly by your early thirties it would be a very good goal to have $75-100K net worth, and double or more by your late 30's. and by mid-forties, $300K+ would be a optimal IMHO. That's just my personal opinion...

[GreenMachine]

Originally Posted by Sage of Sagle

Joe,

While I agree with the above poster that it's tough to know...certainly by your early thirties it would be a very good goal to have $75-100K net worth, and double or more by your late 30's. and by mid-forties, $300K+ would be a optimal IMHO. That's just my personal opinion...

I guess I'm a total loser then...

I think a better question is what are your goals for retirement and how far do you need to be in your 30s in order to get there?

Greenie

[Briolat21]

So net worth would be assets - debts.

So to have $100K in total net worth, that means you have $400K in your bank account/stocks/401K and only owe $300K on your mortgage.... right?

While I think that'd be awesome. I'm sure there's absolutely no way that is the AVERAGE net worth of someone in their 30's (the poster's question).

i would venture that the average net worth of someone in their 30's is a NEGATIVE number. (Since we dont' save..)

[GreenMachine]

Originally Posted by Briolat21

So net worth would be assets - debts.

So to have $100K in total net worth, that means you have $400K in your bank account/stocks/401K and only owe $300K on your mortgage.... right?

While I think that'd be awesome. I'm sure there's absolutely no way that is the AVERAGE net worth of someone in their 30's (the poster's question).

i would venture that the average net worth of someone in their 30's is a NEGATIVE number. (Since we dont' save..)

I would venture that it's negative, too !!!

Even if someone is ahead of the game and owns property, they are carrying a mortgage payment -- in addition to a car payment, credit card debt, etc...

Makes me wonder how many people are actually worth anything?


Greenie

[loose cannon]

I do not meet this criteria and havce accepted that Im a loser a long time ago. Maybe things will change. If not.... whatever!

[shuke]

<age 35, $11,600
age 35 - 44, $77,600.

2003 survey.