My current financial picture is this:
Age: 27, married
Gross Annual Income Total: 98k
Assets:
Home - $250k market value
Retirement Assets: $71k - combination of 401k, 2 Roths, 1 Traditional - all invested in index funds
Vehicles: $10k market value
Precious Metals / Savings Bonds: 10k market value est.
Emergency Fund in cash: 11k
No taxable holdings
Debts:
Home: $142k
No other debt of any kind
Net Worth: How Am I Doing?
Re: Net Worth: How Am I Doing?
emergency fund might be a little low.
“TE OCCIDERE POSSUNT SED TE EDERE NON POSSUNT NEFAS EST"
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Re: Net Worth: How Am I Doing?
I'm impressed that you have $100k+ in equity in your home at age 27. Did you buy in a hot market?
Overall I'd say you're doing an impressive job building wealth. Better off than I was at your age.
Overall I'd say you're doing an impressive job building wealth. Better off than I was at your age.
Re: Net Worth: How Am I Doing?
https://www.investors.com/etfs-and-fund ... nd-income/
Sounds like you're on track. Just under 1x salary in savings/investments at 27 should easily become >1.5x salary by age 35 I'd say.
Sounds like you're on track. Just under 1x salary in savings/investments at 27 should easily become >1.5x salary by age 35 I'd say.
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Re: Net Worth: How Am I Doing?
Are you my twin? I'm 28, and my numbers are, literally, almost identical (within ~1-2k in either direction).
Re: Net Worth: How Am I Doing?
MrNewEngland wrote: ↑Wed Feb 14, 2018 3:33 pm I'm impressed that you have $100k+ in equity in your home at age 27. Did you buy in a hot market?
Overall I'd say you're doing an impressive job building wealth. Better off than I was at your age.
No hot market, just extra principal payments.
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Re: Net Worth: How Am I Doing?
No, that would be your doppelgänger.foamypirate wrote: ↑Wed Feb 14, 2018 4:08 pm Are you my twin? I'm 28, and my numbers are, literally, almost identical (within ~1-2k in either direction).
Re: Net Worth: How Am I Doing?
I had to look up what a doppelgänger was.angelescrest wrote: ↑Wed Feb 14, 2018 7:59 pmNo, that would be your doppelgänger.foamypirate wrote: ↑Wed Feb 14, 2018 4:08 pm Are you my twin? I'm 28, and my numbers are, literally, almost identical (within ~1-2k in either direction).