How much money did you have at age 25?

great question! I turned 26 recently. I owe 55k on a house worth 80k. I have about 3k in a roth ira. I have about 13k in material possessions including my fully paid off car and about 3k in savings. I'm still in grad school so I managed to save this up by having a full ride throughout and working a part time job since I was 16. I don't make much, but I save lots and spend little.

Trying to think back.

I probably had about 2000.

obviousguy66 wrote:

Haha wow insecure much?

Take stats courses much? Median wage? Are you kidding me?

You know that factors for interns, homeless, poor alabama trailer trash, artists and hippies who don't care about money etc etc.

I wouldn't be particularly proud of earning 33k if I was 25 and wanting to save money/ concerned about money.

For someone concerned about savings (as the OP clearly is) earning 33k at 25 is pathetic. If money is a primary concern and you are earning 33k that is horrible.

If you are a freethinking artist pursuing fully your passion in life and you couldn't give an f about money then great. 33k could be good or meaningless. Although obviously such a person wouldn't be posting asking if 50k is good savings for a 25yo.

insecure much man?

I've been on this site a long time. I don't recall seeing this obnoxious poster before.

I had over a million dollars and zero debt, 6 years later at 31 i have less than a million dollars and still zero debt. been a humbling experience for me.

I'm currently 25. I have 17k in student loans, 2k on a car loan and $100 in my savings account.

I make 65K for my regular job. I also bought a multi family building almost a year ago. The mortgage is $2185 a month. I take in $2150 for the other two units, plus I'm just finishing up a studio apartment in the top floor which will net me another $500 a month.

I just spent 2.5k on the other two apartments getting them fixed up, and currently only have one rented so, I'm hurting for cash.

Interesting - how did you come by 1 million by 25? Probably not that unusual of a situation over the last 6 years.

gn1tmac wrote:

I had over a million dollars and zero debt, 6 years later at 31 i have less than a million dollars and still zero debt. been a humbling experience for me.

at 25 I had about 30k saved up with 40k in student loans. been in grad school since then (multiple degrees needed for my future line of work) and im now sitting at 60k in debt and 65k in investments. I'm gambling that my investments are going to net more than the interest rates on my loans (averages 4%).

in my experience 3/4 of my friends had loan debt and were barely able to survive at 25. The other quarter (probably less) had school paid by their parents or landed jobs in finance and had some savings.

You're salty bro, i bet you work minimum wage asshat.

$0 at age 25

so you are an engineer living in a trailer, eating canned beans, drinking busch, in north dakota somewhere drooling over your 401k? you know thats going to be taxed when you withdraw . . . Just kidding

Not trying to hate on people saving money or being successful, i am around this age and do ok with short and long term savings, but returns this past year were crazy, keep it in perspective.

Either way I would like to see how you saved 50k over three years with an earning of roughly 165k pretax and -45k toward tuition post tax. I think we can assume your take home was less than 120K, but well put it there for simplicity.

after college expenses that puts you at 75k.

If you made lucky investments and put away 30k of this, you are saying you lived three years on < 45k. What do you pay for rent, transportation, insurance, bills, ect. Do you do anything for fun?

Can you please outline the types of accounts you hold and the types of investments you make. I maybe ignorant on frugal living, or maybe you forgot to mention some bonus checks . . .

Zero

I am now early 50s and very well set for retirement.

Lesson: Not knocking starting good savings habits early but your earning trend and future spending discipline will completely dwarf whatever you have or have not saved by age 25.

When you take into consideration student debt?

I had less than zero dollars.

-50,000

I just turned 26 and have about $19,000 saved

Good Saver? wrote:

Looking to set some goals based on realistic expectations. West Coast Big City life.

At 25 I had basically no money. I had just graduated from business school and was just starting my first professional job (financial analyst). I had to use my only credit card to buy clothes for work because I only had one suit.

But this was OK, because I had "lived low" in grad school (I shared a horrible apartment with no heat), so I only had about $8K of debt, which I quickly paid off.

I would do it again the same way. You're net worth at 25 isn't very important...

DFM

$50K

like $1.19

Good call he was a troll. "Another 25 yr old" nailed him with the facts. I don't mind a troll but when they troll with the purpose to demean others, that's not cool.Well done silencing him.

When I was 25 I had just graduated law school and had about -40,000.