How Much Do You Have Saved?
Yes, this is personal...if you have issues, don't answer.
What do we think is a reasonable net worth (assets - liabilities) for ages:
25
30
40
50
60
I just want to discuss a sense of what people think their long financial outlook will become.
I see people 45, 50, even older that still "save up" to go on a trip or "can't afford" to buy tires for their cars. WTF? Are people this bad at managing their money? If you're a kid, in college, or have extenuating circumstances, I can see it. If you're in an established job and can't manage to save anything, I wonder where it all goes.
My co-worker retired at 67 and flat out said he had $80,000 in 401k/cash and his land/house was worth about $350,000. That's it! How can you retire with that?
Last edited by BayMoWe335; 09-24-2010 at 07:11 PM..
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