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cover of episode Average Net Worth by Age (How Do You Compare?)

Average Net Worth by Age (How Do You Compare?)

2024/12/3
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BiggerPockets Money Podcast
AI Deep Dive AI Chapters Transcript
People
M
Maddie Jensen
S
Scott Trench
Topics
Maddie Jensen和Scott Trench讨论了美国不同年龄段（20多岁、30多岁、40多岁、50多岁）的平均净资产数据。他们分析了不同年龄段人们的财富积累情况，并分享了各自积累财富的经验。Maddie Jensen讲述了他们夫妇通过节俭生活和房地产投资（房屋翻新和转售）在Carl 40岁前积累第一百万美元净资产的经历，强调了减少支出和积极投资的重要性。Scott Trench分享了他通过在初创公司担任CEO，以及房地产投资和股市上涨快速积累财富的经历，但也承认其中有运气成分。他们都强调了投资的重要性，并建议根据个人情况选择合适的投资策略。 Scott Trench详细解释了如何计算净资产，并讨论了是否应该将主要住宅的净值计入净资产的计算。他认为，如果主要住宅是长期居住地且不打算出售，则不应将其净值计入净资产计算中。他建议在计算与财务自由相关的净资产时，应仅考虑能产生现金流或增值的资产，例如出租房、股票和企业股权等。他还建议，20多岁的人应该专注于偿还债务、增加收入和创业，并尽力最大限度地利用退休账户（例如Roth IRA）。30多岁的人应该努力提高收入和节俭支出，以提高净资产。40多岁的人应该继续积累财富，并注意避免生活方式的膨胀。50多岁的人应该开始考虑退休计划，并确保有足够的资金来维持退休后的生活。

Deep Dive

Chapters
The episode kicks off with a discussion on how personal wealth stacks up against others by age, focusing on net worth and how to calculate it.
  • Net worth is the difference between what you own and what you owe.
  • Hosts share their personal net worth journeys and the strategies they used to achieve millionaire status.

Shownotes Transcript

Are you beating the average American in personal finances? Today, we’re sharing the average net worth) by age to see where exactly you stack up. Whether you’re in your twenties, thirties, forties, or fifties, we have the data showing whether you’re behind (or ahead of) the norm. What do you do if you feel like you’re falling behind? Don’t worry; we’re also giving tips on how every age bracket can improve its net worth. 

Don’t know how to calculate your net worth)? It’s easy, and you can do it in minutes after (or even during) this episode. Once you know your net worth, it’s time to decide your next move. Do you need to make more money so you can invest faster? Are you close enough to FIRE) that you can let your foot off the gas a bit? Should you buy that new boat? No! Don’t ever buy a boat. 

We’re also sharing our own net worth journeys and the money moves we made that skyrocketed our wealth to millionaire status. You can’t go back in time and copy everything we did, but you CAN copy some of our same strategies to boost your net worth! 

In This Episode We Cover

The average net worth for Americans) in their twenties, thirties, forties, and fifties 

How the rich invest differently than most of us (and what they’re buying))

How to calculate your net worth and whether primary residence equity) is included or not 

What everyone in their twenties should be doing with their money to secure a comfortable retirement 

Why you DON’T need to be a mega-high income earner to become a millionaire 

The reason Scott thinks YOU should be starting a business) to FIRE faster 

And So Much More!

Links

BiggerPockets Money 35 - Hacking Your Life to Live for (Almost) Free with Craig Curelop)

BiggerPockets Money 416 - Codie Sanchez: These “Boring Businesses” Will Make You Rich)

BiggerPockets Money 491 - Why You DON’T Need a College Degree to Reach Financial Freedom w/Adrian Zapata and Javier Leyva)

Visual Capitalist Composition of Wealth)

Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/money-586)

*Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email *[email protected])

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