Interested to gauge everyone's thoughts regarding how much a couple who are both 35yr old, no kids should be worth (total assets inclusive of super, less debt)? All this talk of inflation, cost of living, house prices got me thinking….are we ahead or behind in life.
How Much Would You Expect a 35yr Old to Be Worth?
sydsm on 16/06/2022 - 16:22
Last edited 16/06/2022 - 16:23
Last edited 16/06/2022 - 16:23
Poll Options
- 43Less than $100k
- 58$100k-250k
- 201$250k-500k
- 79$500k-750k
- 28$750k-1million
- 39$1m-1.5m
- 305More than $1.5m
Comments
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Yep, I was studying courses part time as well. I still am at the moment. I used this as an excuse to meet people but it doesn't always turn out right.
The best attribute I find in a partner is their intelligence, so I tend to favour the "professional student" types. Although, if they are just getting around with low marks and leeching off welfare, then that is a major turn off. It is rare these days but in the past I've found the best lecturers, including my commercial law lecturer from many years ago has several different degrees. Now to find that in a partner…
Furthermore, I'm rarely on social media and it has taken me this long to get back to everyone… Notably they laugh that I'm on Whirlpool, but all successful people are rarely on social media.
Hey, it's alright to be skeptical.
Is that by the Kg? My dad says young people aren't worth shit these days. I'll say $50.
harsh
this is a good Rough calculator how much wealth you should have racked up if you haven't blowed it on useless stuff
your total pre tax income (that everything from salary + dividend etc..) multiply by your age and divided by 10obviously it doesn't work well if you are too young and just start earning a salary but
30 - 60 age range is a reasonable calculator to use
Humans have absolutely NO financial value!!
It is all perception and the more one places such fictive values the more we should all hate that person!
years ago I read that the purchase price of the assorted chemicals comprised in the human body may have been around 62 cents … so we definitely have value, just not much …
Sure, but that's not a fair comparison. You can't examine a machined component and say "oh this contains $1 of iron and $0.05 of coal"
A human as spare parts storage is priceless.
Im not far off and I'm worth -4k haha
Income > expensive
That’s all that really counts.
It takes a lot of stress out of property prices, asset prices, investment return and interest rates.'Income > expensive'
hmm - did you perhaps mean to suggest 'spend less than you earn' ? - the Micawber principle ?
https://citywire.com/funds-insider/news/the-friday-five-less…
hmm i meant to type 'expenses'… so yes :)
Here's an interesting google drive that contains the average income by age. You can fill in your details and see what percentile you're in.
https://drive.google.com/file/d/1fKouMcgOW3V68OWcDyUQ21AI6cW…
Median net worth actually isn't that high and the 250k to 500k Mark is definitely on the high end for sucessfull 35 year olds. The scenarios put forth generally seem to be for people who are money minded and WANT to be worth a lot and WANT to save money to create wealth. In reality, you'll find that not everyone is like that and there is probably a bias as the people you surround yourself with will generally have the same attitudes towards money.
If you take the median income, and multiply them out from 18-35 from the excel spreadsheet about you only get like 1M over those 18 years, government will take 0.3% of it say, so you're left with 700K. If rent is 350 a week avg for 18 years then your housing alone costs 330K without the cost of living and travel and things. I think the estimate is pretty idealistic if you don't factor in life events like travel etc.
Clearly the internet is never a good representation. I think pretty much the "should' here is actually a lot higher. People have taken it to mean what would be desirable rather what is average or the median.
No kids? Yes you are behind, get to work on that asap.
You only get 12 chances a year, time flies.
The title says one 35 year old.
The description says couple. I voted as a couple.Karuizawa 1981 Single Cask 35 Year Old is going for around $115k. OP said a couple though so i'll let you do the maths.
No poll option for <$50k
I'm probably worth -$500k because of In-laws from China.. probably would of been +$30 million without them
Very poorly worded question your asking here! Are you looking to benchmark humans? You must be trying to meet expectations, whose I have no idea.
Worth != Money AND/OR tangible Assets. (For all you non-programmers != is not equal to)
But I'm in the market for some slave labour. Anyone under <500k I'd buy @35yrs. Most people still got 20+ years of
worklife -hmm I nailed that :)C'mon go out an enjoy your life and get some new experiences instead of trying to measure up to your neighbors or your friends.
115+ people on 1.5m buckaroos on ozbargin. Yeh right.
I have my family and friends and am blessed with a reasonably good health and decent career.
They are priceless.
1.5mill those are rookie numbers
Atleast 10million
If you sell your organs on blackmarket, they are worth a lot more according to this website.
Kidneys - $200K
Liver - $157K
Heart - $119K
https://www.ranker.com/list/organ-cost/april-a-taylorNo kids? Should have tons of money. But all depends on what base you came from. If you didn't finish high school and live in public housing, might be challenging to reach that +1.5mln
Geez, we both have low 6 figure salaries, an investment property, smashing our home loans and only just breaking 1m net worth.
Out of all of our friends we have been the most successful.
1 newborn
Wtf people. 1.5m really? These polls could be useful but I think most take the piss
Does everyone in Ozbargain live in Melbourne or Sydney?
Statistically I'd say a large portion of Ozb live in Melbourne or Sydney given that's approaching 50% of the country.
What about the value of life experiences like travel.
What about if I'm paying off a house/cc debt for the next few decades?
Does that count as an "asset" or am I in the negative?
Roughly -
Net worth = assets - liabilities.
If you have a house worth $900K but your outstanding mortgage on it is $600K. You would count that as 300K.
Should be worth at least 3m
34 no kids… Am around the 700-730 mark. Mostly super and home equity. Ive never even looked at this before but it looks fine on paper. Ive recieved zero leg up whatsoever. Would have been massively beneficial early on. Would be nice if I had some more liquidity or cash.
34 no kids. How much is a 2013 Suzuki swift worth?
Prob around 1.5m given the used car market atm
Less debt? It doesn't really work that way. Most people you're comparing to are really in the red. It's all on paper.
35 year-old what? Car / bike / house ?
I voted 1.5m+ and I'm not trolling
You were born in 87 and hit your early 20s in the 2010s when housing boomed, equities boomed, and cryptos became a thing. If you lived life by the book (i.e. study hard to become something decent, buy a house, invested passively etc) you would hit this benchmark.
Source: am 35 and have friends who are 35
Survey answers are a joke… two 35yo's with a NET worth over $1.5mil??? Get stuffed :).
We aren't talking about the value of the property they've signed their life away to live in. NET worth.
Let's say about $150-200k in super, but not much more than that because they've either gone to Uni (HECS debt, no income, no super), or have started work straight out of high school (no HECS, some super, but limited income potential without any qualifications).
Let's ignore all the "high yield" high rollers who've clicked 1.5mil+ and get back down to reality OP, and understand that on average a single 35yo is just getting a grip on what real life is all about. Their careers are hopefully moving along quite nicely, but to suggest they already have $750k in net assets? NO WAY IN HELL.
I'm older, I'm on income that is in the top 10% (sounds impressive but its not), and so is my partner.
We aren't struggling, and I can tell you know Gross less Debts does NOT equal over $1.5mil.Stop worrying about where you compare with others because a) it's pointless, everyone's circumstances is different, and b) there's nothing you can do about it anyway.
Make good decisions with your partner, learn from mistakes, and carry on with life the best you can. It's not a race with anyone else, and if you start thinking of it that way you're in for a lot of needless disappointment in your life.
It’s entirely possible… in fact if money was well managed could be much more!
Super between both = $500k
Shares / ETFs = $65k
Savings = $35k
Managed Fund = $20k
House = $850k ($1.65m less $800k loan)
Cars = $80kTotal = $1.55mil
And we’ve dumped a lot of money on things over the years, and lost a fair bit in the recent share market down turn… (holidays / lease cars / bit of crypto etc)
I don’t by any stretch think this is “normal” though. I’d say $300-$500k unless they lucked out in the property market or bet big on bitcoin in the early days
That's a impressive super balance, did you make concessional / non con contributions?
Have been paying and extra $100 a week since I was 18 - have been capping out concessional for last 5 years myself. The Mrs is paying around $50 extra into hers and I’ve asked her several times to change it to max her concessional contributions but she still hasn’t done it yet … one of these days :)
Note that is between “both” of us so not that impressive but a good start for retirement!
I agree the survey results are not an accurate reflection (they never are on ozb) but I do think people would be surprised re net worth of 35 year Olds.
If you've grown up a good saver and bought a home mid 20s along with solid white collar jobs plenty of couples would certainly be over $1m.
I'm 38. When you factor in mortgage debt I'm somewhere in the hundreds of thousands below zero. Life is good, we make good money.
Factor in mortgage debt and sell your house…. is this number below zero?
No, but that would be describing a different situation.
In that case your networth isnt minus xx
@May4th: Sure it is.
House with value of $1.2m
Mortgage of $750k outstanding on house.From above (as far as house goes), I have:
$450k equity in house
Minus debt of $750kNetworth of negative $300k.
@AlanHB: i'm unsure what made you subtract 750k twice?
your networth is your equity if no other savings or assets ie. 1.2m - 750k = 450k@AlanHB: lk0811 is correct.
Net position is total assets less total liabilities.
1,200,000 - 750,000 = 450,000
Assuming no super, shares, home contents, other assets, then your net worth is $450k.
You're doing ok, I suggest you see a financial advisor if you want to do even better.
Ummm, I am on topic.
Sounds like a lot of people needs a crash course on how to calculate networth. Having a mortgage doesnt put your networth in the negative unless you bought 6m ago in syd/melb
Debt is debt dude. If you have a mortgage you do not have the same net worth as someone who outright owns a property of the same value.
Networth = value of all assets - liabilities (mortgage/loans), whether you own something outright isnt very relevant.
If you own a house outright, you don't have a mortgage on it, the debt that gets minused in your calculation above.
@AlanHB: Mortgage is the same as any other loan and is subtracted from your total asset value (asset value, not what you owe), whether car loan credit card debt or otherwise. You need to understand what networth means and stop fixating on 'house vs mortgage.' As above, you've already been shown what your networth is and where you went wrong by subtracting your debt twice. it's very simple maths, if you insist on believing you have a negative networth despite the 450k equity that's your call
@May4th: hay mate, don't worry about it, this guy clearly doesn't get finance.
I've had clients like this, best to just drop them and move on.
@May4th: It worries me that people can have such expensive mortgages yet can't calculate something as basic as net worth.
How do they save up that sort of money in the first place despite being financially illiterate??
I'm a just about to be 35 year old. For context I'm a single Pringle. I have 120k in super, and owe 350k on a house with an approximate value of 700k. I've worked since I was 16 but been employed as a teacher for the last 8 years. I lived overseas for 2 years as a volunteer so I expect I would have more super but there you go. Can't speak for any other 35yo.
You're doing good, keep it up! I recommend for those in your position to regularly put money into your super via voluntary contributions if you can spare it since you are already on the property ladder.
Not sure what the statistics are but 120k in super at 35 seems incredibly good. 350k equity in your house is also pretty amazing at 35.
37, 3 kids worth a little over $100k here
No debt
Renting
Own a 2007 commodore
Living pretty minimally
Got some savings but not much, current pressures will make it harder to save
Own a 2007 commodore
But do you own a petrol cap cover? That's how you know you've made it.
Nope. No cover
I'm 35. Had a mate 3 months older than me die from pancreatic cancer last year, he was healthy beforehand, got checked out as soon as there were symptoms and he lasted 11 agonizing months after he was diagnosed.
After seeing him go through this, I stopped focussing on my bank account and am more interested in living a happy, fulfilling life as it can be ripped from you at any stage.
$10m and miserable, = you're behind in life (your own, nothing useful comparing to others financially or otherwise, except during salary negotiations).
$,enough to pay for life's basic plus a little seurity/fun money and Happy = you're doing OK.
Everyone is different. Net worth of millions in Sydney gets a glorified tent of a house in a scummy suburb, same salary in the sticks gets you acreage etc.
Who cares, cant take it with you.
Whats the point of having 2m in the bank, spent your life going without / miserable building an empire and you're dead like the rest.
Even if you pass it on to kids, theyll die oneday too.Generational wealth
Legacy
Sense of achievment
Peace of mind
Security
Self improvement
More life experiencesWhy do billionaires become billionaires? By your logic, anyone would stop at $50mil and have the time of their lives forever
Anyone who spends a lifetime building an empire to the point of vast riches, would have had a substantially more interesting and engaging life than the regular joe who takes his 4 weeks annual leave a year and dies in a nursing home. This is notwithstanding the fact that most empires are built on the passion and interest of the person or people behind it, so as cliche as it sounds, they had a tonne of fun doing it and rarely saw it as "work"
'Why do billionaires become billionaires? By your logic, anyone would stop at $50mil and have the time of their lives forever'
Honestly at that point it probably doesn't have anything to do with money. I believe the reasons are more likely ego, narcissism, sense of control & power and lack of interests outside of their wealth building activities. I guess for a select few they might actually be doing what they love and it happens to create $B. Generational wealth, peace of mind, security etc. can be well & truly established with $10m as a starting place.
It'd be great if billionaires announced 'I did it for me'.I actually think its the opposite. By in large, people who get to billionaire status are no longer interested in material wealth, and don't really care for how they are perceived from face value. Plenty who reach multi billionaire status end up giving a large proportion of their money away to human advancement causes as well.
Its the ones who make a bit of money that opens up to a life of luxury (clothes, cars, watches, holidays etc) and flaunt on instagram - typical narcissistic, egotistic behaviour we see all too common now
And you know what? None of that will mean squat when the world comes to an end.
Your legacy wont mean anything oneday, no matter who you are.Yes, at some point in time human civilization as we know it will probably cease to exist (could be thousands of years from now)
But looking at the past few thousand years, there are countless figures still remembered today for their positive contribution to the world/particular fields of expertise. Some of which has enabled us to sit anonymously and type non contributing dribble on various forums like this.
Just to be clear, you can be someone that goes through a regular life consuming and die/rot away without adding any value to themselves or the world, but at the same time, there is no need to knock those who choose to do the opposite either
But looking at the past few thousand years, there are countless figures still remembered today for their positive contribution to the world/particular fields of expertise. Some of which has enabled us to sit anonymously and type non contributing dribble on various forums like this.
And the vast majority of these weren't billionaires. I'm with @gammatsunami with this one, at a certain point (far, far lower than a billion) wealth is meaningless.
500k seems fair with no kids.
Dead or alive?
LOL! Life support.
my savings combined with this post just made me depressed. So even as a single you’re saying we should have 750k+ in accessible funds right. Not 600k in bank loans and 150k savings?
You are worth as much as you have contributed to society
I think people on Ozb and whirlpool tend to perhaps be higher achievers.
I would say at 35 super at 100k and say 400k in investments would put you on to about 1-2mil when you retire at 65 which should be about enough if in a couple/partnership and house paid off.
Some people are doing really well which is great to see but each has their own race to run.
I am probably above this but my wife is a bit behind but in the end it's both of us in it together. Have a newborn and that experience means more than moneywhy you ask 🤔
I know a 35 year old with well over $100m net worth (self made)
I know a 35 year old with less than $10k to their nameBoth are happy. That's all that matters
I don’t believe any wealth is ‘self made’.
I'd say it's 'self made' if you make it as a wage
The 35yr old with $100m net worth likely owns a company and makes that amount by taking credit for employees working under him
i get the anti capitalist angle but if you are treating your workers well you are also giving livelihood to all your employees. you take the credit (profit) which is balanced against risks in running a business, such is the nature of entrepreneurship. by 'self made' most people would mean you didn't get a "loan" of multi-million to start a business without a care in the world because there's always a rich family to fall back on (coughdonald trump), and that you started from scratch . the networking aspect and privileged upbringing and how much that contributes to success is a whole other matter which would be a discussion for another day
@May4th: It's not really an anti capitalist view, I'm referring to once a company gets so large that those at the top aren't really involved in the operation and maintenance of the business, while taking credit for it's performance. This is separate from the financial side where they are fully entitled to that, but in reality once a business gets that large, your business performance relies solely on those under you
Depend on your jobs, lifestyle and how rich is your parents
Depends how much Shiba is worth at the time
In my opinion, Australia has gone in the wrong direction, where everything is measured in financial terms.
Where the majority of the population speculates in property to build wealth.
Where people are actively encouraged by the government, by banks, and by each other to take on obscene levels of debt unimaginable only a few decades ago.
Where every few days there is a news article explaining how much superannuation you're "supposed" to have for your age bracket.
In my opinion, this kind of quantitative view of life kills creativity, spontaneity, and adventure. It kills dreams.
In reality, there are a multitude of trajectories we can take through life that don't conform to the dominant trend.
And by the dominant trend, I mean the conservative approach that involves making our biggest life and career decisions solely to build wealth.
I've never been impressed by people who have taken on 4 decades of debt and investment properties and knuckled down to half a lifetime of debt slavery at a horrible job they hate.
I've always been impressed by, and found affinity with, people who instead chose to travel the world for years/decades, making lifelong friendships with extraordinarily interesting people; or who purchased an ancient ruin in Italy for peanuts and renovated it; or people who who studied their socks off and got scholarships at overseas universities, embarking on a massive global adventure of learning; or people who lived in near-poverty while writing a popular book that gave great enjoyment to multitudes; or people who purchased some land and built a wildlife sanctuary or an organic farm and created an organization that provides accommodation and food to young people in exchange for work. These are the people who are living life to the full.
Most successful people I know are not property speculators, but are experts in their own niche fields.
It is unclear whether the assumption that a majority of successful people are property speculators is even correct.
Maybe your circle of friends is small.
Property speculators are rare! It only takes a few to really screw the system though, but don't conflate that to be the majority of successful people.
32 yr old and calculated my net worth to be around 500k
- 105k super
- 120k savings
- 10k investments (would be higher if crypto market isnt doing so poorly)
~ 280k home equity
- 1
- 2
Or, as he said, he keeps doing courses.