- May 10, 2024
- Posted by: legaleseblogger
- Category: Related News
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****** just grabbed a
Show me where the 40 and 60 year old people hurt you ….
20=$0 30=$0 50=$0 70=$10’000’000
Or at least based on what I see on this sub
Depends on how much money your parents have
Whatever is comfortable for that individual 20, 30, 50, & 70 Year old.
Stop with your grindset, alpha, mindset rubbish. Do what brings you joy in this life. Here’s a fun fact, having a higher networth doesn’t equate to life satisfaction.
Be me, single income raised (70k in the 00s). 2 mortgages by 35. Less than 50% on both.
Be my friend, dual income raised (250k in the 00s). 3 homes outright by 30.
Wow, I’m such a failure at life right, I’m so behind, how useless, he’s a better man than me. I should get on that sigma alpha grindset manifest 10x triple coach sales course. To make something of myself.
Edit: We should consider income of your parents per child instead. For me it was 14k, my friend 125k.
Not many good faith replies here.
I’ve wondered about this question, and there isn’t a lot of data out there to conduct satisfactory benchmarking on. Whether you use it for comparison or academic reasons is entirely your choice, of course. But generally speaking it should go something like this:
Entering workforce (23?): -30k
After 10 years (33, 100k salary): 200k
After 20 years (43, 120k salary): 500k
After 30 years: (53, 130k salary): 1m
After 40 years: (63, 140k salary): 1.8m due to some medical expenses
All figures for individuals, nominal dollarydoos, based on today.
https://grattan.edu.au/news/2023-budget-cheat-sheet-what-australians-actually-earn-and-own/
Net wealth with some age bracket
At what point in time are you talking about
Why do you ask this?
What do you mean by ‘should be’? Based on what criteria?
My guess would be:
20: $10,000
30: $100,000
50: $500,000
70: $2,000,000
Not sure if ABS keeps track of this, so anyone’s guess is purely speculative.
Also there’s a big difference between average and median, I think median would be a more accurate reflection of the average person’s net wealth at each of those age brackets.
This is a question with no real answer, apart to say that individuals need to figure out the amount of money they’ll need to retire on, what kind of home they want to realistically live in, and other lifestyle factors – and then make plans to make that a reality.
Of course, if your dreams are too outlandish, this isn’t actually going to be possible to achieve.
Age 30 – Tradie who got an apprenticeship and left school and has 10+ years of work under their belt.
Also age 30 – Person who studied medicine and is still deep in studying specialties and doing placements with a massive HECS debt.
Every journey is very different.
8 mil per decade
It depends how hard someone wants to work and what field they’re in.