Post a realistic net worth and financial goals by 35 years old.

[Anonymous No.20123738]

>own House outright
>debt free
>Six figure job with option to work from home
>Nice car
>between 500k+ in investments
>200k cash emergency fund
>24 year old girlfriend (no marriage)
>can do whatever you want whenever you want.

[Anonymous No.20123788]

All of those are realistic if you get a strong degree and work your ass off in your 20s, with a few smart moves sprinkled here and there

[Anonymous No.20124335]

>>20123738
Literally relies on crypto:
>$2mio in assets
>work a job Iike with a good work life balance

[Anonymous No.20124362]

lmao literally none of them are realistic besides having a younger girlfriend and being debt free besides your mortgage.

Shows how fucking zoomer this board is to even think they're realistic goals without a massive helping hand, luck, or crypto payout.

[Anonymous No.20124376]

>>20124362
This

[Anonymous No.20124425]

>>20123738

Nope, but 1/2 equity
yes aside from mortgage
Yes
Yes
Nope, maybe 100k
Like 35k
Yes
Pretty much

I think someone could do it with no handouts if they were a straight up hardass and very driven since a young age. I was pretty dumb overall

[Anonymous No.20124567]

>>20124425
How old and in what situation are you?

[Anonymous No.20124775]

>>20124362
>>20124376
Beside owning a house outright, it’s pretty attainable. I fully expect to have $200,000 saved, make six figures, and have $500k in investments (spread across my 401(k), Roth IRA, and other investment accounts).

[Anonymous No.20124808]

>>20123738
Where the fuck did you all go wrong that this is considered unattainable by 35?

[Anonymous No.20124812]

>>20123738
I have one year left. This is what I'll achieve:
>debt free
>Six figure job with option to work from home
>between 200k+ in investments
>20k cash emergency fund
>can do whatever you want whenever you want
Started as a third-world negro and ended up in the first world. Someone born as a firstie has no excuses.

[Anonymous No.20124826]

>>20124775
Ok but how?

[Anonymous No.20124876]

>>20124826
Career growth, contributions to retirement accounts, and frugality.

[Anonymous No.20124941]

This is for Euopre So i guess lower:

400k Apartment in Germany
80k per year
No car because not needed
29 yo wife
>130k in stocks and crypto

Feels comfy but could also do better

[Anonymous No.20124966]

>>20123738
At 33 I'll come in close, probably won't own a house outright (don't even have one, stay with friends/travel for work).

Of course I didn't unfuck my shit until 29, so I'm not too worried about being behind. 200k e fund is cringe, but I say that as someone with 95% networth in link so we all make retarded decisions one way or the other.

Volcel bordering incel though

[Anonymous No.20125042]

>>20123738
>Six figure job with option to work from home

Not gonna make it.

You think like am employee and thus a poor person. Not like a wealthy person.

Rich Dad Poor Dad, bitch. Read it.

[Anonymous No.20125044]

>>20123738
You really need to add a passive income to this list. Also that amount in the emergency fund is way to much.

[Anonymous No.20125094]

>>20123738
For the average person everything except the owning house, 500k and 200k are attainable. Regardless, your goals are vapid and you’ll always live a miserable and soulless existence as long as this is how you think.

[Anonymous No.20125103]

>>20125042
Always thought this gook was a scammer. So tell me how a wealthy person would think in this instance?

[Anonymous No.20125112]

>>20124876
>frugality
Even if you live with your parents and never go out, you won’t have that. And you won’t do either of those things because you’ll recognize very quickly that giving away your 20’s for money is a bad decision.

[Anonymous No.20125125]

>>20124362
americans all believe they can become millionaires

[Anonymous No.20125156]

>>20125103
So did I until I read the book and watched hours of his youtube videos.

I will not tell you, you can watch if you wish to know:

https://www.youtube.com/watch?v=VtYE9FkcJlU&list=PLpJlHeSCXalhgEnSR9lFZiow5xFNYPWmf&index=8&t=0s

[Anonymous No.20125187]

>>20125112
It's a great decision, and I'm on track to meeting my goals. I'm going to break a six figure salary in about two more years. I'd much rather be a millionaire in my 30s than be a rentcel in my 20s and have little-to-no savings.

[Anonymous No.20125190]

>>20125103
A wealthy persons assets earn them money 24/7.
The wage slave can only realistically earn money 8-12 hours each day.

[Anonymous No.20125225]

>>20124362
If you work hard and willing to do a job you don't like (coding) then this is realistic. I'm going to reach this by 35 and I'm 28 now.

It requires no fuck ups, drug addictions, etc

[Anonymous No.20125232]

>>20125125
Because if your IQ is not sub 100 you can become a millionaire extremely easy in America. 6k in a Roth IRA every year will guarantee you 1-2 million in tax free retirement.
If you're not a retard and have dual income with your wife you can mega backdoor Roth and put up to 57k split between your two Roth IRAs every year and have a crazy amount of tax free gains when you're 59.5.
Can also have all investments done through a business, start a business in another country that doesn't have investment tax (Portugal) by citizenship by investment and renounce your US citizenship and cash out all of your investments tax free at any time even if you're not 60 yet

[Anonymous No.20125247]

>>20125125
Having a $1M net worth by the time you retire is quite achievable.

[Anonymous No.20125249]

>>20123738

>keeping 200k in cash

/biz/

[Anonymous No.20125271]

>>20125042

Oh so he’s supposed to write a book telling people how to get rich and get rich off of that?

[Anonymous No.20125297]

>>20125271
You do know Robert has over 100 million USD in real estate, right? He is actually doing what he is preaching, very different from other faggots that sell seminars to get rich from it.

Look it up or don't, its up to you dude. I'm not going to convince you of shit.

[Anonymous No.20125308]

>>20123738
I'd kill myself if I tried to imagine what my life will be like when I'm 35

[Anonymous No.20125435]

I can try for myself.
Now:
> late 20s, fell for the software engineering meme
> 130k/yr gross income, 110k after taxes, 80k yearly savings after spending
> 350k in liquid assets (401k, IRA, taxable brokerage, etc), of which 15k is an emergency fund/savings account.
> single, no debts, mid-tier paid-off 2010s SUV
Generally speaking, I'd say this is pretty achievable if you want to pursue a CS degree. My GPA was sub-3.0 and I'm at a mid-tier company, so this isn't exclusive to FAANG/etc. In the first three years salary went from 60k to 110k.

@35:
> 150k-200k/yr salary, let's say 100k-120k savings after taxes and spending
> partial home ownership at 20% down, dump the rest into either rentals or FAANG (in the ideal case, rental income/stock growth should outpace loan interest)
~1m-1.5m in assets
> single, mortgages as primary debt, driving same car
The big "if" factor is whether I choose to pursue rentals, I've spent a few months researching at this point but will wait to see how the markets handle the second wave of COVID before putting in an offer (plenty of places are banning evictions, etc). In terms of material desires, all I'd really want is a home gym and a nice home office/library.

[Anonymous No.20125462]

>>20123738
Not realistic without a wealthy family background. Named salary and owning a house are realistic, but not having 500k in stocks, 200k cash and house paid off. Won't happen before 40-50 with this income range.

[Anonymous No.20125493]

>>20124941
The question is if you still have debt with your 400k appartment. The other things you name are not that hard to achieve, but did you pay it off and accumulate 120k?

[Anonymous No.20125556]

>>20125232
Putting 6k in your ira per year will make you 1-2 mio when you retire? Lmao

[Anonymous No.20125589]

>>20124775
So net worth of $700k? Kys

[Anonymous No.20125611]

>>20125462
This, holy fuck these people are deluded

[Anonymous No.20125691]

>>20125232
More about Portugal?
Very interested in retiring early off my gainz, as tax free as possible. Azores and Madeira are in my top 5.

[Anonymous No.20125704]

>>20125589
Yes. Like I said, it's pretty achievable. If I knew you in person, I'd definitely bet you I'll have at least a total net worth of $700K in ten years.

>>20125611
"I don't understand how investing and career growth works."

[Anonymous No.20125727]

>>20123738
none of these goals are achievable for the vast majority of young people in the west. welcome to neo-fuedalism. anyone disagreeing is coping or stands to inherit some mommy and daddy wealth.

[Anonymous No.20125800]

>>20123738
hopefully I will have killed myself before I go insane/homeless

[Anonymous No.20125826]

>>20125691
Citizenship by investment. Go to goldenvisas.com to get an idea of how much it will cost you to buy citizenship in another country. What you do is buy citizenship in a country that doesn't have investment tax.
Then you transfer all of your business assets to a business you make in the investment tax free country and you're not taxed on transferring assets between businesses.
Then you have to renounce your US citizenship so they can't come after you for taxes
At which point you're free to liquidate all of your business assets in the country that doesn't have investment taxes and cash out with no taxes.

Portugal is just one example of a country that used to have no investment taxes, you will need to research this yourself to find out which country still has no investment taxes because I'm not sure if Portugal changed their tax laws or not

[Anonymous No.20125846]

>>20124362
Those are very realistic goals. Actually, I'd say that if you can get a six-figure job, the rest of those should be automatic. I'm 31, make closer to $50k/year, and I have:
>House mortgage down to $30k outstanding
>No other debt
>Teaching job with two months off each year
>2014 shit-standard commuter car
>$400k net worth
>you're a moron if you keep that much cash (but I guess you can afford to be)
>25 y.o. wife, two awesome kids
>More responsibility than I expected to have, but life feels meaningful so I guess that's something

[Anonymous No.20125865]

>>20125556
This is for 40 years starting with 6k and putting 500 in a month. 6% return will get you just under a million
Have you ever ran the numbers with a basic compound interest calc? Also with the Roth 59.5 is when you can cash out tax free but that doesn't mean you have to. You could let it compound much longer if you want.

https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator

[Anonymous No.20125892]

>>20125704
And what's your net worth now?

[Anonymous No.20125908]

>>20125187
You say this because you have no context. You’re ignoring all the people in their 30’s and beyond in favor of the illegitimate opinions of those in their 20’s and younger. Do you think there’s a 20 year old on the planet who doesn’t envision himself a millionaire in his 30’s? But when you grow up a little you either realize sometimes you should make choices independent of the financial outcome, or you wind up a miserable millionaire in your 30’s who never did anything of note during the prime of their life. To achieve both of those things is really out of grasp for 99.9% of the population, so choose your outcome. I wouldn’t trade my 20’s for any amount of money, and I am a miserable wagie today but if you told me I could give up what I had in my 20’s for a trillion dollars today I’d tell you to fuck off. Everyone I know my age who wasted their 20’s away chasing income literally idolizes me because of how I spent my youth. Money is bait. Are you a fish?

[Anonymous No.20125932]

>>20125892
About $150K. I make $72K right now and fully expect to make around $200K in ten years as a tax director.

[Anonymous No.20125953]

>>20125932
How did you get to have $150k at 25yo?

[Anonymous No.20125964]

>>20125953
Living with my parents.

[Anonymous No.20125972]

>>20125908
So what's the plan here? Enjoy life in your 20s then revert to a shitty wageslaving life for the rest of your adult life until retirement?

[Anonymous No.20126018]

>>20125865
You won't get 6% at the beginning of a zero interest rate environment, you'll far underperform 90s to 2020. Expect japans 2 decades starting 1990. That is almost 0 returns, for 20 years, then your calculation is not quite correct anymore. Better diversify, don't push everything up your roth ira.

[Anonymous No.20126038]

>>20125964
kek

[Anonymous No.20126066]

>>20126038
Yes? I'm quite happy with it. I get along well with them and I contribute well. I still pay far below market rent and have obviously managed to save quite a lot. I'm going to move out at around 28.

[Anonymous No.20126077]

>>20123738
Same except with a wife my age and several kids.

[Anonymous No.20126083]

>>20125908
That s literally nigger tier way of thinking. You totally can have a decent career and have the time in your life in your 20s, it s not one or the other

[Anonymous No.20126119]

>>20124362
i'm a 25 yo american and already have 5/8 done.

[Anonymous No.20126147]

>>20125908
Most wealthy people work their asses off during their 20s. Working hard during your early career sets up a foundation for the rest of your life. Have fun living up your 20s and then being a wagie for the next 50 years.

[Anonymous No.20126158]

>>20125972
Most people will be happy if they balance their shit.
You can have fun, wage, keep yourself healthy. Trying to min-max life might seem appealing to autists, but it's really not optimal in terms of enjoyment.

[Anonymous No.20126162]

>>20126077
You'll get a wife your age with several kids alright, they just won't be of your genetic stock.
Either that, or she'll be a man.

[Anonymous No.20126165]

>>20123738
>be me
>34
I expect to be almost the same as today which is married, 2 kids, house mortgage, 2 car loans, credit cards in decent shape, 765 credit score 401 struggling to get going and personal investments are minimal.

Good luck guys. I made poor choices in my 20s. College dropout here

[Anonymous No.20126168]

>>20124362
This. When I was in my 20s I thought I'd be retired and rich by 40. I worked my ass off and was smart with money while having a skewed work/life balance. I'm mid 30s now with a better than average home that has 100k equity in it and a lower than average payment. I'm debt free other than my home, have a couple paid off toys (sports cars and motorcycle) and have a 150k retirement portfolio along with one of the best pensions in America. Work/life is better but still skewed. Felt like a failure at 35 but then I looked around and realized that I'm doing better than probably ~85% of my peers. Amazing how you can make double or even triple the average income for an area, be relatively frugal, and still wonder where it all went. Throw kids in there and it's definitely all gone.

[Anonymous No.20126179]

>>20123738

srs feel like I look like in the picture at 35. almost no hair and bod is not getting smaller despite gym.

[Anonymous No.20126199]

>>20123788
This.
All totally achievable by 35.

[Anonymous No.20126213]

I did start looking into alternative incomes recently. I already have a house, but i'm not looking at doing anything with it except live in it for the foreseeable future. I read up a lot on county tax sales recently, and picked up some property in a nearby area. For reference, this was the tax sale: https://www.bid4assets.com/mvc/storefront/NyeNVJun20

Apparently that site is used by quite a few smaller counties, check it and see if your county is listed historically. Traditionally, all tax sales are pretty much always in-person, which meant that you had to have your funds with you on-site when you bid in-person. Right now, every county is doing online auctions, which makes it a lot easier and cheaper to bid on delinquent properties. At least for the sale I bid on, every single parcel's minimum bid was the amount of taxes owed on the property, all of which were around 800-1200. The super vast majority of properties, ranging generally from 0.2 to 1 acre sold between minimum bid and about 3k, with a lot of the one acres going for between 3 to 9k.

It's not much, and tax sales only occur once or twice a year, but it's worth bookmarking and setting aside funds. It's really not difficult. All i had to do was look up the APN on the county assessor and recorded. It's pretty rare for a property to have a mechanics lien recorded, but you can check in like five seconds. Every county has a GIS map nowadays you can check your parcel number quickly. Your due diligence pretty much amounts to "where the fuck is this parcel and whats my max bid?". Commercial properties have a much higher rate of mechanic liens and shit that doesnt get included in the tax sale price, not residential. dont be scared.

[Anonymous No.20126235]

>>20124362
A lot of us are banking on a crypto payout. I'm just hoping this staking thing is true where you can get $10k+ a month in rewards

[Anonymous No.20126280]

>>20125972
News flash: your adult life is hard and shitty whether you are rich or not. You think most people with money just retire at 35? Heh. People adjust to a certain lifestyle and then they have a hard time reverting. On top of that, people who chase money until their 30’s don’t have hobbies or interests. There is nothing for them to do but wage for the rest of life anyway. You give yourself to your work and you become your work. If you can work doing something you love if its not so bad, but good luck with that. So yes, enjoy the time you can while you’re not tied to some financial social norm you’ve come to engrave in your being, and worry about figuring the rest out later. Besides, if it’s so easy to make millions as you kids seem to think, what’s the difference really between doing it at 20 or at 40? Better to enjoy your youth while you have it, no?

[Anonymous No.20126298]

>debt free
>200k cash

>nice car
>24 y/o gf

[Anonymous No.20126308]

For the average person, according to Fidelity Investments, to be on pace for retirement one should expect to have savings equivalent to a years wage by the age of 30, so I would say you aren't being realistic for the average person.

[Anonymous No.20126343]

>>20124362
Geez, Anon, I'm 28 and I have all of that but decided to not purchase a house.

I *kinda* regret it, but not really as I was able to fuck around Asia for a bit, though I missed out on inexpensive property in Seattle.

[Anonymous No.20126355]

Watch KTOV anons

https://stocktwits.com/symbol/KTOV

[Anonymous No.20126357]

>>20126280
>if it’s so easy to make millions as you kids seem to think, what’s the difference really between doing it at 20 or at 40?

It's called compound returns.

[Anonymous No.20126363]

>>20126343
>Seattle

Stop being a faggot and buy a ranch

[Anonymous No.20126368]

>>20126213
I also want to add that there was a bit of preparation involved as well. A week prior to the auction, the auction house required a minimum bid deposit, basically to weed out uninterested parties. It was like 500 bucks, and had to be wired since i couldnt go in person to drop off a money order. Just be aware there is a bit of prep work. Also, you had to wire the money for any purchases within a couple days. Unlike in person, you had a bit more time and leeway to move funds around. It really wasnt difficult, the difficult part was setting a max amount for a parcel and walking away once it went over your max bid.

Don't forget to double-check your pre-bid deed info, make sure that if you win, it's recorded in your correct name/address/number/etc.

[Anonymous No.20126397]

>>20126280
>Besides, if it’s so easy to make millions as you kids seem to think, what’s the difference really between doing it at 20 or at 40?
Making millions is hard, which is exactly why you have to start working towards it early in order to realize the effects of compound interest.

[Anonymous No.20126490]

>>20125042
>>20125156
>>20125103

>I thought he was a scammer too, until I absorbed hours of his propaganda and advertising

Kiyosaki is so full of horseshit I could use him as AAA-compost for my garden. The inital story he tells of his friend's dad is a lie (nobody owns a construction business and a restaurant at the same time), he tells people "if you're going to go broke, go broke big" because "that's how it's done in Texas" and there's no evidence he has ever actually made a real-estate investment. He claimed that he once wrote his cat down as a dependent and that most of his stock trades come from insider trading "because that's what friends are for." The SEC and IRS don't care because they know it's bullshit. Every fiber of his being embodies the know-it-all guru boomer that talks out of his ass so hard he doesn't realize his own incorrectness.

He's worth millions, sure, but the wide majority of that likely comes from his "life-coaching" and selling merchandise from his own brand. He knows nothing about how investments actually work. Gurus and media personalities will be the first on the wall when Black lives matter finally overthrows this god-forsaken country.

https://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1

[Anonymous No.20126495]

>>20126397
Hey listen if you guys want to sit in your moms basement until you’re 35 grinding away 12 hours a day so you can “retire” and think that’s freedom for you, go ahead.

[Anonymous No.20126510]

>>20126018
Hey buddy this is with the bare minimum of 6k a year. If you're not retarded you can back door up to 57k a year. Selling covered calls in your Roth IRA turns what would normally be taxed at income tax rates into no taxes at all. But please continue to tell me how becoming a millionaire by age 60 is unattainable brainlet poor fag

[Anonymous No.20126514]

>>20126158
I see, that's fair but it sounds like a very boring life to me. Then again, I think most people have boring lives

>>20126280
If you truly believe that, why wouldn't you just kill yourself after enjoying life in your 20s?
Besides, the whole point of making as much money as young as possible is to be able to spend the remaining of your life doing what you actually care about, whether that's gardening, cooking, playing games, writing, playing music, traveling, etc. doesn't matter.
As far as I'm concerned, I simply can't imagine spending my 20s having the time of my life only to go back to "reality" and go on wageslaving at a job I at best don't hate for the foreseeable future.

Life doesn't seem to make much sense if the future doesn't seem appealing.

[Anonymous No.20126521]

>>20126355
Leave to /ptg you shill

[Anonymous No.20126578]

>>20126510
It is attainable, but not with 6k savings per year period.

[Anonymous No.20126587]

>>20126490
Pretty much every single 'wealth/ finance guru' basically makes all their money selling some sort of product related getting wealthy that prey on impressionable individuals.

[Anonymous No.20126615]

>>20125435
>driving same car
This would be the dream but it's also moderately unrealistic. The car could break down, accidents can happen, but at least you aren't like the others that envision "muh mercedies" as being an asset. A better goal might be not losing a certain amount of cash between now and 35 in paying for cars (i.e. if you have to get rid of the SUV plan to get a similar quality at a similar price, not an "upgrade" with more debt).

>fell for the software engineering meme
it was meme before it came out, but tech can only go up as an industry.

what i'm trying to say is, you're going to make it even with the mid-tier company.

[Anonymous No.20126637]

>>20125125
Most people that get a useful degree and a decent paying job can easily become millionaires. Just don't spend things on frivolous garbage and invest wisely for the long run.

[Anonymous No.20126881]

>>20123738
750k

[Anonymous No.20126924]

>>20124812
good for you sir. I bet you put a lot of hard work in. Respect.

[Anonymous No.20126999]

>>20126280
your cope is unbelievable, lol

[Anonymous No.20127076]

Net worth: 10 Million or higher, Goals: Crypto Millionaire, Multiple Businesses, lots of Real Estate, Luxury Sports Cars

[Anonymous No.20127257]

>>20125094
Most reasonable response in this thread. You retards that try to benchmark your entire life are going to wind up having a heart attack paired with a midlife crisis.

[Anonymous No.20127482]

>>20127257
Especially when you lose everything via divorce

That will happen to at least half of these people