What age did you reach 100K networth?

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
techcrium
Posts: 139
Joined: Sun Mar 24, 2013 12:09 am

What age did you reach 100K networth?

Post by techcrium » Fri Jun 14, 2013 3:00 pm

I know some of you guys are worth millions or tens of millions but I am wondering...at what age did you reach $100K networth?

User avatar
Frengo
Posts: 447
Joined: Wed Jun 12, 2013 1:16 am

Re: What age did you reach 100K networth?

Post by Frengo » Fri Jun 14, 2013 3:01 pm

Legally, at age 18
Last edited by Frengo on Fri Jun 14, 2013 3:06 pm, edited 1 time in total.

User avatar
daytona084
Posts: 805
Joined: Mon Feb 01, 2010 10:47 pm

Re: What age did you reach 100K networth?

Post by daytona084 » Fri Jun 14, 2013 3:04 pm

Including home equity - 33
Excluding home equity - 34

CharlieSue
Posts: 28
Joined: Thu Jan 28, 2010 1:45 pm

Re: What age did you reach 100K networth?

Post by CharlieSue » Fri Jun 14, 2013 3:11 pm

Hit $100k at 25.

Lucky enough to graduate with only $20k in student loans, get a good paying job right out of undergrad, and get a few promotions.

User avatar
roymeo
Posts: 1220
Joined: Sat Apr 28, 2007 7:19 pm
Location: Oakland, CA
Contact:

Re: What age did you reach 100K networth?

Post by roymeo » Fri Jun 14, 2013 3:18 pm

(please adjust for inflation, today's numbers)
(please adjust for regional CoL differences, set in...Chicago)
The sewer system is a form of welfare state. | -- "Libra", Don DeLillo

User avatar
Ice-9
Posts: 1293
Joined: Wed Oct 15, 2008 12:40 pm
Location: Rockville, MD

Re: What age did you reach 100K networth?

Post by Ice-9 » Fri Jun 14, 2013 3:23 pm

By the time I started paying close enough attention to my net worth, I was already above. I'm going to make what I believe is a reasonable estimate of age 30.

barnaclebob
Posts: 2755
Joined: Thu Aug 09, 2012 10:54 am

Re: What age did you reach 100K networth?

Post by barnaclebob » Fri Jun 14, 2013 3:28 pm

Excluding inheritance my wife and I each probably got there around 25-26 (200k total)

Attributed mainly to living on one of our salaries for the most part, picking careers that pay well, and for having our parents/grandparents kind enough to pay for our education i.e. no debt.
Last edited by barnaclebob on Fri Jun 14, 2013 4:00 pm, edited 2 times in total.

izreel
Posts: 52
Joined: Thu May 09, 2013 12:07 pm
Location: Upstate NY

Re: What age did you reach 100K networth?

Post by izreel » Fri Jun 14, 2013 3:31 pm

Unfortunately at 36

User avatar
Kevin21
Posts: 205
Joined: Tue Jun 21, 2011 9:54 pm

Re: What age did you reach 100K networth?

Post by Kevin21 » Fri Jun 14, 2013 3:31 pm

Hit it at 26, with Fiance/wife, earlier this year.

I hope that the first $100k is the hardest. :D

User avatar
Bogle101
Posts: 306
Joined: Mon Oct 01, 2012 10:14 am

Re: What age did you reach 100K networth?

Post by Bogle101 » Fri Jun 14, 2013 3:34 pm

25 for me
25% S&P 500 | 25% Extended Market | 20% International | 10% REIT | 10% Sector Funds | 10% Cash

bigred77
Posts: 1994
Joined: Sat Jun 11, 2011 4:53 pm

Re: What age did you reach 100K networth?

Post by bigred77 » Fri Jun 14, 2013 3:38 pm

First job at 23 with networth of -50k (Student Loans and Car Note)

Broke 100k at 26 thanks to paying off all debt, maxing Roth IRA and 401k with generous company match, and participating in stock market recovery of 2009-2011.

fareastwarriors
Posts: 895
Joined: Tue Feb 14, 2012 12:31 pm

Re: What age did you reach 100K networth?

Post by fareastwarriors » Fri Jun 14, 2013 3:42 pm

It's truly impressive so many 20 somethings here broke the 100k networth mark already.
I only wish this sample here represented more Americans...

User avatar
Petrocelli
Posts: 2771
Joined: Mon Feb 19, 2007 6:29 pm
Location: Fenway Park, between 2nd and 3rd base

Re: What age did you reach 100K networth?

Post by Petrocelli » Fri Jun 14, 2013 3:47 pm

25- Based solely on an investment in one stock.
Petrocelli (not the real Rico, but just a fan)

Busting Myths
Posts: 353
Joined: Sun Oct 24, 2010 4:04 pm
Location: So Cal

Re: What age did you reach 100K networth?

Post by Busting Myths » Fri Jun 14, 2013 3:50 pm

Lot of older folks here so $100K would have to be inflation adjusted for proper context.

My Contribution:
Age: 26
Where: California
When: 2011
How: Salary
Net Worth Components: Liquid and 403b assets only.
Last edited by Busting Myths on Fri Jun 14, 2013 3:59 pm, edited 1 time in total.

User avatar
Rob5TCP
Posts: 3078
Joined: Tue Jun 05, 2007 7:34 pm
Location: New York, NY

Re: What age did you reach 100K networth?

Post by Rob5TCP » Fri Jun 14, 2013 3:55 pm

I started my own business at 35 with virtually a near zero net worth. By 40, I hit my first $100,000. In inflation adjusted terms it would be a year earlier. Savings, investing, and having my own business the last 20 years has helped tremendously.
Last edited by Rob5TCP on Sat Jul 20, 2013 2:54 pm, edited 1 time in total.

mlipps
Posts: 890
Joined: Thu Jun 21, 2012 9:35 am

Re: What age did you reach 100K networth?

Post by mlipps » Fri Jun 14, 2013 3:55 pm

I will hit that at 24, in May of next year, according to my magical spreadsheet. We'll see if that actually happens.

justus
Posts: 94
Joined: Sat Oct 27, 2012 10:08 pm

Re: What age did you reach 100K networth?

Post by justus » Fri Jun 14, 2013 3:57 pm

I had a negative net worth of $40k at age 24 (credit cards), was unemployed / severely underemployed doing odd jobs like delivering television and large appliances part-time etc. for a few years, finally got a regular job and hit the positive 100k net-worth mark around age 29.

awval999
Posts: 1069
Joined: Fri Apr 08, 2011 10:17 pm

Re: What age did you reach 100K networth?

Post by awval999 » Fri Jun 14, 2013 4:01 pm

I'm hoping for a positive net worth this year! Darn student loans!

ssquared87
Posts: 638
Joined: Tue Apr 02, 2013 9:54 am

Re: What age did you reach 100K networth?

Post by ssquared87 » Fri Jun 14, 2013 4:03 pm

Not there yet, living in NYC on a budget is tough and wasn't tuned into the BH methodology until it was too late to ride the 2009-2013 wave.

Will be there though by next year so 27

User avatar
serbeer
Posts: 1108
Joined: Fri Dec 28, 2007 2:09 pm

Re: What age did you reach 100K networth?

Post by serbeer » Fri Jun 14, 2013 4:11 pm

Estimate at ~25-26

User avatar
Meg77
Posts: 2312
Joined: Fri May 22, 2009 1:09 pm
Location: Dallas, TX
Contact:

Re: What age did you reach 100K networth?

Post by Meg77 » Fri Jun 14, 2013 4:11 pm

Probably around age 15 but I wasn't aware. My grandparents set up a trust for me for college and invested in 100% stocks through the bull of the 80s and 90s; I graduated college in 2006 with around $225K left in the college fund if I remember correctly. Add to that the $17K or so I'd stashed in a Roth IRA since my first job and no debt, and I was on unquestionably good footing for a 22 year old. I invested the trust in real estate (a condo homestead and 5 rentals) and started saving 20% of my income from day one. Now I'm 29 with a net worth of $608K (there were a few more annual exclusion gifts along the way plus a $75K inheritance, but otherwise I've mainly just maxed retirement accounts and let the rentals amortize a little).
"An investment in knowledge pays the best interest." - Benjamin Franklin

avalpert
Posts: 6313
Joined: Sat Mar 22, 2008 4:58 pm

Re: What age did you reach 100K networth?

Post by avalpert » Fri Jun 14, 2013 4:31 pm

Earlier than I started tracking it but sometime in my mid-20's

User avatar
kenyan
Posts: 2922
Joined: Thu Jan 13, 2011 12:16 am

Re: What age did you reach 100K networth?

Post by kenyan » Fri Jun 14, 2013 4:35 pm

Did not finish graduate school until age 27; had a liquid net worth of around $10k at the time (including illiquid assets wouldn't have made it too much higher).

I think I hit $100K sometime while I was 31.

Edit - however, if you consider my wife's student loans, things change. That would put me at -$75K upon graduation, and +$100K sometime during age 32.
Last edited by kenyan on Fri Jun 14, 2013 4:38 pm, edited 1 time in total.
Retirement investing is a marathon.

jasc15
Posts: 372
Joined: Wed Dec 19, 2012 1:36 pm

Re: What age did you reach 100K networth?

Post by jasc15 » Fri Jun 14, 2013 4:38 pm

Last January or February, when I was 28 (what I consider my financial awakening) I took stock of my accounts and noticed I had something like 98k, and a few weeks later it jumped to 100k. It was pretty nice to suddenly realize you have 100k. I broke 200k within a few days of my 30th birthday, which I'm pretty excited about.

I guess this is another one of those brag threads, but I thought I would join the party. :sharebeer

reggiesimpson
Posts: 1601
Joined: Mon Dec 19, 2011 12:47 pm

Re: What age did you reach 100K networth?

Post by reggiesimpson » Fri Jun 14, 2013 4:39 pm

1986 at age 39

User avatar
kenyan
Posts: 2922
Joined: Thu Jan 13, 2011 12:16 am

Re: What age did you reach 100K networth?

Post by kenyan » Fri Jun 14, 2013 4:40 pm

jasc15 wrote:Last January or February, when I was 28 (what I consider my financial awakening) I took stock of my accounts and noticed I had something like 98k, and a few weeks later it jumped to 100k. It was pretty nice to suddenly realize you have 100k. I broke 200k within a few days of my 30th birthday, which I'm pretty excited about.

I guess this is another one of those brag threads, but I thought I would join the party. :sharebeer
I caught your edit - I was wondering why you were excited about losing 100k of net worth over 8 years :twisted:
Retirement investing is a marathon.

jbmitt
Posts: 292
Joined: Mon Jul 14, 2008 1:00 am

Re: What age did you reach 100K networth?

Post by jbmitt » Fri Jun 14, 2013 4:48 pm

29.. nearly 10 months ahead of my goal of 30.

scrabbler1
Posts: 2179
Joined: Fri Nov 20, 2009 2:39 pm

Re: What age did you reach 100K networth?

Post by scrabbler1 » Fri Jun 14, 2013 4:49 pm

Not counting the value of my apartment, I was 31 back in early 1995 when the value of my investments hit the $100k mark. The booming late 1990s got me to $200k and $300k by the end of the decade.

User avatar
InvestorNewb
Posts: 1583
Joined: Mon Sep 03, 2012 11:27 am

Re: What age did you reach 100K networth?

Post by InvestorNewb » Fri Jun 14, 2013 4:55 pm

At 26 with no help from investing. Started investing at age 30 (this year).
Last edited by InvestorNewb on Fri Jun 14, 2013 5:18 pm, edited 1 time in total.
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest)

User avatar
Raymond
Posts: 1250
Joined: Mon Apr 16, 2012 6:04 am
Location: Texas

Re: What age did you reach 100K networth?

Post by Raymond » Fri Jun 14, 2013 4:58 pm

Sometime in my mid-30s.
"Ritter, Tod und Teufel"

Mitchell777
Posts: 982
Joined: Mon May 21, 2007 6:32 am

Re: What age did you reach 100K networth?

Post by Mitchell777 » Fri Jun 14, 2013 5:01 pm

around 30 but that was a long time ago

User avatar
stemikger
Posts: 4833
Joined: Thu Apr 08, 2010 5:02 am

Re: What age did you reach 100K networth?

Post by stemikger » Fri Jun 14, 2013 5:02 pm

My best guess would be my mid 30s.
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

User avatar
Ged
Posts: 3549
Joined: Mon May 13, 2013 1:48 pm
Location: Roke

Re: What age did you reach 100K networth?

Post by Ged » Fri Jun 14, 2013 5:08 pm

kenyan wrote:Did not finish graduate school until age 27; had a liquid net worth of around $10k at the time (including illiquid assets wouldn't have made it too much higher).

I think I hit $100K sometime while I was 31.

Edit - however, if you consider my wife's student loans, things change. That would put me at -$75K upon graduation, and +$100K sometime during age 32.
That's pretty close to my trajectory, adjusted for inflation. I got out of grad school at 27 and bought my first house at 28. Paid off my student loans and had a kid. By the time I was 32 or so I had a 401K going for 5 years plus some equity in the house and the student loans were paid off.

User avatar
Peter Foley
Posts: 4378
Joined: Fri Nov 23, 2007 10:34 am
Location: Lake Wobegon

Re: What age did you reach 100K networth?

Post by Peter Foley » Fri Jun 14, 2013 5:11 pm

I was just finishing grad school when I turned 30. My best guess would be about age 35.

rayout
Posts: 366
Joined: Tue May 19, 2009 11:30 am

Re: What age did you reach 100K networth?

Post by rayout » Fri Jun 14, 2013 5:33 pm

26, including home equity. Paid down a decent chunk of mortgage when refinancing.

User avatar
auntJovie
Posts: 49
Joined: Tue Apr 17, 2012 2:57 pm

Re: What age did you reach 100K networth?

Post by auntJovie » Fri Jun 14, 2013 5:35 pm

25, no home equity at the time (renting)

Cuzz35
Posts: 395
Joined: Mon Jun 28, 2010 11:14 pm
Location: Marietta, GA

Re: What age did you reach 100K networth?

Post by Cuzz35 » Fri Jun 14, 2013 5:42 pm

Unfortunately age 14.

User avatar
Sheepdog
Posts: 5052
Joined: Tue Feb 27, 2007 3:05 pm
Location: Indiana, retired 1998 at age 65

Re: What age did you reach 100K networth?

Post by Sheepdog » Fri Jun 14, 2013 5:56 pm

$100,000 net worth including everything ? Guessing about age 45. That would have been in 1978. That would be $356,743 in 2013 dollars

$100,000 in 2013 dollars was equal to $14,966 in 1968 dollars when I was 35. I believe I had a net worth of at least that then, so let's say 35..

That shows what inflation has done.
Jim
People should not say everything they think. They should think about everything they say.

madbrain
Posts: 4948
Joined: Thu Jun 09, 2011 5:06 pm
Location: San Jose, California

Re: What age did you reach 100K networth?

Post by madbrain » Fri Jun 14, 2013 6:16 pm

At 23 in 1999, mostly from home equity .

IlliniDave
Posts: 2281
Joined: Fri May 17, 2013 7:09 am

Re: What age did you reach 100K networth?

Post by IlliniDave » Fri Jun 14, 2013 6:20 pm

techcrium wrote:I know some of you guys are worth millions or tens of millions but I am wondering...at what age did you reach $100K networth?
You know, I never really paid attention, but probably sometime in my early 30s, and way back then $100k was a lot of money :?
Don't do something. Just stand there!

chipmonk
Posts: 625
Joined: Wed Mar 09, 2011 4:32 pm
Location: PDX

Re: What age did you reach 100K networth?

Post by chipmonk » Fri Jun 14, 2013 6:25 pm

According to my Vanguard balance (I had no other significant assets at the time) it was just about the time of my 27th birthday, about a year and a half before I got my PhD, when I received a large gift from my parents.

User avatar
prudent
Moderator
Posts: 5496
Joined: Fri May 20, 2011 2:50 pm

Re: What age did you reach 100K networth?

Post by prudent » Fri Jun 14, 2013 6:33 pm

I think it was at age 37.

thewizzer
Posts: 260
Joined: Sun Aug 19, 2012 10:11 pm

Re: What age did you reach 100K networth?

Post by thewizzer » Fri Jun 14, 2013 6:40 pm

31 or 32

hicabob
Posts: 2674
Joined: Fri May 27, 2011 5:35 pm
Location: cruz

Re: What age did you reach 100K networth?

Post by hicabob » Fri Jun 14, 2013 6:43 pm

That's a very age-relative question. 100k nowadays is not at all what it was back in the day when it could buy a house and we changed TV channels with a knob.
So you need age plus delta .... I think I would have been maybe 30 years old, 26 years ago.

YttriumNitrate
Posts: 1062
Joined: Tue Mar 26, 2013 12:13 pm

Re: What age did you reach 100K networth?

Post by YttriumNitrate » Fri Jun 14, 2013 6:45 pm

deleted.
Last edited by YttriumNitrate on Sat Mar 12, 2016 12:24 pm, edited 1 time in total.

User avatar
stemikger
Posts: 4833
Joined: Thu Apr 08, 2010 5:02 am

Re: What age did you reach 100K networth?

Post by stemikger » Fri Jun 14, 2013 6:50 pm

YttriumNitrate wrote:Fidelity keeps much better track of these sort of things than I do...What they say is:

Started investing at 23 years, 1 month

$100k at 27 years, 9 months
$200k at 30 years, 2 months
$300k at 32 years, 1 month
$400k at 33 years, 2 months, and so on...
Kevin21 wrote:Hit it at 26, with Fiance/wife, earlier this year.
I hope that the first $100k is the hardest. :D
I think it usually is...
I seem to remember that first 100K taking forever to get there, but I was just probably being inpatient. It seems to go a lot faster after that. Good Luck!
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

User avatar
Duckie
Posts: 5728
Joined: Thu Mar 08, 2007 2:55 pm

Re: What age did you reach 100K networth?

Post by Duckie » Fri Jun 14, 2013 7:39 pm

Mid-30s in the early 90s.

User avatar
scubadiver
Posts: 845
Joined: Sun May 04, 2008 9:48 pm

Re: What age did you reach 100K networth?

Post by scubadiver » Fri Jun 14, 2013 8:07 pm

31

Been doing an additional $100K every two years or so since then. Apparently the first 100K is the hardest.

Scubadiver

User avatar
topper1296
Posts: 571
Joined: Fri Apr 03, 2009 10:50 pm
Location: Nashville TN

Re: What age did you reach 100K networth?

Post by topper1296 » Fri Jun 14, 2013 8:11 pm

in my mid-30's excluding home equity.

I seem to remember a quote from Charlie Munger (I think it was him) where he said the first $100K is the hardest and each $100K after that becomes much easier because the power of compounding really starts to snowball.

SVT
Posts: 224
Joined: Mon Oct 13, 2008 8:56 am

Re: What age did you reach 100K networth?

Post by SVT » Fri Jun 14, 2013 8:31 pm

January 2013, age 27.

Post Reply