Why does everyone do the ā27 year old, 16k credit card debt, 2k savings, 3k 401k, 12k car loanā¦where should he startā crap?
Itās overplayed yall
I just want all of you sub-30 year olds that follow me on here, youāre so, so, sooooo far ahead financially in life. Donāt make it complicated. You guys will walk away with the so much money if you started in your mid or early 20s. Itās going to be very hard to screw it up.
Focus on building relationships, being good to your family, give when you can afford to, get healthy af and create some experiences!
Itās wild being 31. I have friends whoā¦
- have 2-3 kids
- who are married and are traveling a lot
- who just found out theyāre pregnant
- who just got married
- who are on their second marriage
- who still live at home with their parents
- who are single and still partying most weekends
- who have fallen off the map completely and I hear from them once a year
- who are on their 4th job while some who havenāt left their 1st job
Itās actually kinda crazy how different 21 to 31 is..
My net worth as a 31 year old living in WI with one toddler and a combined annual income of around $175,000.
This is only for educational purposes and interest. Please donāt use this as a template to ābeing ahead or behindā. And of course none of this is financial advice.
My sonās accounts are technically his, but I will be including them in the net worth for now.
I will break this down into assets and debts. I wonāt include monthly expenses but maybe that can be a future post.
Debts:
1. $381,000 (primary home)
2. $63,319 (student loan)
Assets:
1. $10,096 (HYSA)
2. $8,615 (Checking Acct.)
3. $6,500 (HSA)
4. ~$3,000 (Cash/Gold/Collectibles)
5. $15,000 (Completely passive real estate partner)
6. ~$535,000 (primary home valuation)
7. $99,221 (Roth IRAs)
8. $35,000 (401k)
9. $86,382 (personal investments - brokerage/crypto)
10. $1,019 (Sons TRUMP account)
11. $1,434 (Sons 529)
12. $717 (Sons Custodial UTMA)
Add the assets - the debts and you getā¦
Net worth = $358,282.62 as of TODAY.
You may notice a large portion comes from our primary home. Yes, I understand not everyone considers that a part of your net worth, but too bad. I also didnāt include vehicles but we drive very modest cars fully paid off.
My wife also has a pension that is not included in any current net worth or income calculations.
This is where I am at 31. Happy. Healthy. And an open bookā¦ask me anything or feel free to critique!
My son is walking. Went from crawling and knee walking to full walk in about a week. Time moves way too fast people. Cherish it!
Anyone else buy $SATS Iām going to buy a couple shares in my āfund my teslaā portfolio and see how the first week or two goes. Daily 15% fixed dividends is cool, but Iām a little skeptical
Great opportunity if youāre into individual stocks $GOOG
Alex retweeted
JUST IN: š¦šŖ Robinhood $HOOD officially receives approval from Dubai to launch crypto trading in the Middle East.
Anyone interested in seeing a net worth update of a normal 31 year old dude with average family income who didnāt start working full time until 25? Iād be happy to break it down for ya












