Average Net Worth by Age | How Do You Compare?

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[@LeeBason]

4 months short of 70. No debt. Net Worth with home = 9,489,124. Without home = 8,116,324. Thoroughly enjoying your channel and hoping that many younger folks will follow your example.

[@liam1902]

Hoping this isn't too personal to ask but with the income you've earned throughout your life, did you mostly just invest into things that follow the S&P500 in the stock market to reach that or was it a mix of different things while also saving money? Feel like most young people don't realize the importance of compound interest over multiple decades cause they're so fixated on the number now or very short-term. I'm interested to know how much compound interest has helped you reach a very high net worth cause $9 million is absolutely incredible! I'm in my late-20s so any answers or advice would definitely help me too.

[@KatieoftheHouse]

Great video, Leila! We’re in our mid 30s, and had a NEGATIVE net worth of almost 200K the first time I tracked it, nearly 10 years ago. Now we are right around a positive 500K, so a decade can certainly make a HUGE difference. We do count our house value though, and that has played a big part in the growth, especially since we were lucky and bought at the beginning of 2020.

[@singleparentfire2363]

I track my netwoth every month because I’m a nerd but my current net worth at 40 years old is approx. 670K. I’m also a single mom of a special needs child.

[@Alliebrad17]

25 and a little over $46k!! My mom taught me young to have good money habits so I’ve never had debt or student loans, but I’ll start applying to CAA schools next year and that will be around $140k of student debt 😅 I’ve watched channels that are PAs and CAAs who’ve paid off their high student loans in about 3 years so I won’t be to worried about it (yet)

[@Alliebrad17]

What’s crazy is at the hospital I work at I’ve set up so many Roth and HSA investment accounts for nurses who have zero clue how they’re paying off their student loans and I’m stressed for them

[@stephanielcowart6867]

​@Alliebrad17 you'll be successful just considering you're stressed for nurses at the hospital. It's recommended to only take out student loanswhat you'll make in 1 year in the job. Good luck to you.

[@ventureswithvee]

i’m in my early 20s with negative net worth because of student loans. thank you for including median numbers! looking at just average net worths can definitely be misleading

[@PersonalFinancewithLeila]

Of course! And yeah I was well in the negatives in my early twenties!

[@carolinew4795]

I hope everyone who watches this video sticks around for the end. Such good and grounded advice. I’m 23, so near the beginning of the 20s bracket (and only one year post-grad). I get caught up in comparing myself to “averages” when in reality, I should be comparing my future self to my current self and my current self to my past self. Thanks!

[@PersonalFinancewithLeila]

Thank you!! And yes that's exactly how it should be! ❤️

[@darlenem7608]

I will be turning 62 in less than a week; I have just over 2.5 m net worth with my only debt of 38,000 on farm land that I inherited from my dad as I had to buy out other family members who did not want to keep the land. That is the balance that I owe, as originally I owed 125,000 so I have paid off a lot of that loan in the last 10 years using only the funds I make from the farm land itself (I cash rent the land) and not from my personal income. I recently retired at then end of December 2023, however, I am a widow so I was able to receive my husband's Social Security Funds early. I am considering paying off the 38,000, but I want to discuss with my tax attorney to see what is the best option.

[@rubyrocks5]

As someone in my late 30s who didn’t reach a positive net worth until 2022 (mostly due to car and student loans), I love watching these kinds of videos to stay accountable and make sure I’m on track. Thanks for including the median amounts too! It’s crazy how large the gap is between average and median numbers. Based on the people I know, I feel like the median numbers are more common. My husband and I are both 37 and our NW is currently 170k (not including cars). We don’t own a house. Thanks for the video!

[@BaseballCardPhanatic]

Thank you for another great video! I’ve know I’ve told you before but I really enjoy your videos and always look forward to them😊. It’s easy to play the comparison game but only you can know what your spending habits are and what you’ll need in retirement. The big keys are to have no mortgage and no consumer debt. That’s a game changer and you’ll be able to live on much less. Also, you need to have a plan for your health insurance if you’re retiring before 65.

[@The_Fancave]

Hey Leila, great video by the way! I wish I had your level of financial understanding when I was your age. I'm 40, with a net worth of $140K, ($155K or so with my car, but as you had alluded to; I left that out since it's a depreciating asset that I need, and plan to keep forever, as are my bikes). I have an Excel spreadsheet with my finances that I update on a weekly basis, yes, I'm extremely OCD. I printed out the sheet from 2017, when I was 33, still had student loans, had just financed a new car, and had a negative net worth of -51K. I keep that in the back of my clipboard as a reminder and inspiration that there's always a light at the end of the tunnel. My assets include a combination of a brokerage account with index/mutual funds, hand picked stocks, a 401K, an IRA, company stock, and $10K in a high interest savings account as an emergency fund. I currently have zero debt, and hope to keep it that way.

[@ReggieBryant]

Hey Leila! Great video! My NW is 134K as of last month, age 29 😃

[@mybdayis420]

Age 29 here NW 213k, not including car or valuables items

[@PersonalFinancewithLeila]

You're killin' it!!

[@andresanchez2452]

38, 1.1 million

[@Aus10c]

29 and 500k net worth (includes a rental property, personal home, and almost 100k cash,

[@hay5441]

45 years old Approx net worth is 780 to 800 k with a mixture of home value and various accts sf etc. house is paid off and no debt. 529 accounts 401k Roth 401k Roth IRA and traditional IRA. Brokerage acct, HSA and ESPP through work

[@LaTonyas_Library]

I was at -($45.5k) at 24yrs old mostly due to student loans. Reached $71.5k at 29 with a pretty average salary. I would have been happy to reach $100k by 30. But after receiving an inheritance following the death of a loved one, and a jump in salary, I have $218k and will be turning 30 next month.

[@catgodfrey6451]

Hubby & I are way behind in general. I’m 47 & hubby is 54 we have $300,000 we don’t include cars. We are debt free which is nice, but we rent our home & the cost of homes are just out of control

[@dearfinance]

Hi Laila. I’m probably at zero right now. I’m out of consumer debt. I own a home that I owe $141k, however, it is worth more than that right now.

[@lavayuki]

I have never had an debt in my life due to rich parents who paid all my education and med school fees, and bought me my car, so have always had a positive net worth since I started working, and hence have been always higher than average

[@theclown888]

Did these numbers include home equity?

[@WtfReal]

What about by salary/pay?

[@SweetPotata10]

Which app do you use to track your net worth? Do you use an aggregator ? We’re 42 & 46, $830k financial assets only, excluding mortgage and equity. Using purchase price, we have $310k in equity.

[@PersonalFinancewithLeila]

Amazing net worth!! And I just use Google Sheets and track my net worth manually each month!

[@micheleb2657]

57 NW $20k with about $285k of debt.

[@cheyennemckoy2160]

How do you include mortgage in net worth? Equity?

[@dannymartial7997]

The estimated value of the house minus what you owe on it.

[@PersonalFinancewithLeila]

Yup basically! You can count the mortgage as a liability and then the value of the house as an asset and it would balance out!

[@greenlantern1986]

To me personal finance is personal. I don't think this kind of content is helpful and just causes more comparisons, which we know is financially (and emotionally) detrimental.

[@PersonalFinancewithLeila]

I agree, that's why I said what I said after going through the numbers 🙂

[@theclown888]

If this is too “personal,” why are you watching?