Age to hit 7 figure net worth starting in IB
What age seems decent to get to a 7 figure net worth if you start right out of undergrad in IB and keep moving up the ladder every 3 years or so?
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If you could hit 7 figures by the time you’re in your early 30s you’re probably set
seems reasonable. What do you mean by "probably set"
there's a relative degree of certainty you'll be able to retire comfortably
Financially set for life? Good path to retire by 40? Idk 7 figures by x age is extremely arbitrary and depends on a person’s needs/wants.
There is no correct answer but if one is able to get 7 figures by early 30s I’m assuming they’ll be smart enough to further that amount of wealth down the line so should never really have to worry about $.
Great point.
Sometimes I think about people at top MMs that pay street in low COL areas (HW Richmond, Baird Milwaukee, Piper Minneapolis). MDs who have climbed the ladder for 15-20 years at those places...how much are they stacking? Has to be unreal.
Good point. They probably just buy an even bigger home, vacation properties, etc with that extra discretionary $ but yeah maybe you're right, but piling up funds instead
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