What age did you reach 100K networth?

techcrium · 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?

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

Legally, at age 18

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

Including home equity - 33
Excluding home equity - 34

CharlieSue · 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.

roymeo · 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)

Ice-9 · 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 · 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.

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

Unfortunately at 36

Kevin21 · 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.

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

25 for me

bigred77 · 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 · 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...

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

25- Based solely on an investment in one stock.

Busting Myths · 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.

Rob5TCP · 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.

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

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

FireSekr · Post by **FireSekr** » 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

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

Estimate at ~25-26

Meg77 · 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).

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

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

kenyan · 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.

jasc15 · 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.

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

1986 at age 39

kenyan · 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.

I caught your edit - I was wondering why you were excited about losing 100k of net worth over 8 years

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

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

scrabbler1 · 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.

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

At 26 with no help from investing. Started investing at age 30 (this year).

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

Sometime in my mid-30s.

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

around 30 but that was a long time ago

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

My best guess would be my mid 30s.

Ged · 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.

Peter Foley · 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 · Post by **rayout** » Fri Jun 14, 2013 5:33 pm

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

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

25, no home equity at the time (renting)

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

Unfortunately age 14.

Sheepdog · 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

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

At 23 in 1999, mostly from home equity .

IlliniDave · 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

chipmonk · 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.

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

I think it was at age 37.

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

31 or 32

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

deleted.

stemikger · 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.
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!

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

Mid-30s in the early 90s.

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

scubadiver

topper1296 · 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 · Post by **SVT** » Fri Jun 14, 2013 8:31 pm

January 2013, age 27.