For those Under 30 what's your net worth?

Based on the most helpful WSO content, here are some insights regarding net worth and savings for individuals under 30 in NYC:

1. Savings Challenges in NYC:

   • Living in NYC can make it difficult to save due to high living costs, especially in your 20s.
   • Early career stages, such as an IB analyst stint, often come with high expenses and limited savings opportunities.

2. Examples of Net Worth:

   • Early/Mid 30s: One individual reported having around $6 million, mostly in deferred compensation and equity, with a breakdown of $150k in checking, $1 million in home equity, $500k in investments, and $500k in retirement.
   • Approaching 30: Another individual aimed to have over $1 million saved up in investments and real estate by their mid-30s.

3. Strategies for Building Wealth:

   • Living Below Means: Some successful individuals have managed to save significantly by living modestly, even while working in high-paying finance roles.
   • Marrying Young and Splitting Costs: One example includes an individual who saved over $10 million by marrying young, splitting rent/mortgage, and living modestly despite working in a high-paying role.

4. General Advice:

   • Avoid Lifestyle Inflation: Resist the temptation to increase spending as income rises.
   • Invest Wisely: Focus on steady, reliable investments rather than seeking high-risk, high-return opportunities.
   • Plan for the Long Term: Set clear financial goals and work towards them consistently.

These insights highlight the importance of disciplined saving and strategic financial planning, especially in a high-cost city like NYC.

Sources: Millionaire by 30, Savings (Early 30s in NYC), Millionaire by 30, Can someone help me with budgeting? 170k as a 22 year old is absurd to me., How much have you saved?