How old are you and what is your net worth?

Question

I am turning 30 this year, and I am concerned about my financial future and retirement. Having saved some (but not as much as I would have liked), I'd like to see where I stand.

Answer 1

45 750K. I was at about 50K at your age -- assets including retirement minus debt

Answer 2

There is no point in comparing your income and net worth with others' data. You will not get relevant answers in this forum. You are wise to try to determine where you stand financially. You can do this by looking into your future prospects and adjusting your current life style to ensure that your future will be what you want and need.

At 30 you are still young, but you are approaching your most productive work years. You should develop a plan of saving and investing that will assure you of a safe comfortable retirement.

It may be a good idea to talk to financial adviser who can explain to you the concepts of net worth and time value of money, and help you develop a plan to ensure a successful future. Advisers who do not charge a fee will guide you into investments from which they earn commissions, and they are not as objective as they should be. Advisers who charge for their services are more likely to be objective and guide you for your benefit rather than their own.

Answer 3

In dollars I am not sure. In the currency here it is around three million. It grows by about six percent each year and once in a while it takes a big jump. I am sixty eight now.

It would not be a good idea to translate it to dollars because the price of nearly everything would be much cheaper than where the dollar is king. Dinner in a decent restaurant about two dollars. buying food at the market to eat well can be done for three to five dollars per day for two. Good fresh foods.

Answer 4

About $500,000 and I am 47.

When I was your age I had about $200,000. I always put 10% of my income into a 401K and had 5% matched, it just watched it grow.