How much money were you able to save up when you were 21? 25? 30?

Question

Just curious.

Answer 1

At 25, non saved up
At 32, 74000 in 401k+roth ira, and additional 30000 in cash account by learn how to invest properly. you could invest the right way to make money consistently

Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.

http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com section university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:

fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy

technical analysis==(chart+indicator)>> when to buy

Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live

At the age of 32. my 401k is amassed 74,000.00 and 30000.00 in taxble account. by follow simple rule

Answer 2

Thomas J. Stanley & William D. Danko, in their book "The Millionaire Next Door" describe a nice way of determining very wealthy. I feel this formula works quite well for folks above the age of 35, but it still has some relevance to folks < 30.

The idea being that being wealthy is a relative term and is most likely a function of person's income. I know lots of folks that make >$150,000 and are not wealthy, just as I've seen folks with income of <$50,000 that are quite wealthy.

Multiply a person's age by their annual income and divide by 10.

Example: 30 year old making $40,000; = $120,000 (net worth)


I'm in my early 30s and have a liquid networth (excludes home equity) of >$200,000. I probably had half this much 5 years ago.

Answer 3

To be honest, I was able to save until I got married. Then it became very difficult. At 21, I had maybe a thousand or two dollars, at 25 I had maybe $20,000. I got married at 25.

Since then, I've had my ups and downs. I'm now 52 and I'm doing OK, but with significant help from family. It is really important to put 10% of your pay away for retirement savings (401k or IRA).

Answer 4

20 % of my take home pay. I just work since 27, so no saving by 21 and 25.

Answer 5

12% of my gross, minimum.
10% min goes to charitable.