03-01-2014, 09:21 PM
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Quote:
Originally Posted by Fugutaiten
Hi, I just wanna know whether I am on the right track. What is the appropriate net worth of a 20 year old guy should have? And a 25 year old guy(still studying) and a 30 year old guy?
I've seen many people with quite a big sum of money even when they are age 27 so I am wondering whether is my savings are on the right track.
Thanks!  |
The best way is to compare with your peers.
Though I've seen a formula:
Ideal net worth = M x age/10 x annual income
where the multiplier M can be 5, 10, 20 depending on whether one is an average, good or super "accumulator".
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Appropriate net worth at a certain age?
