Nick87
Well-known member
I mean nothing stopping me from going but I might be looking fir a new company when I get back lol.
What age to be a millionaire?
- Thread starter grizzly_
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cgasner1
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Idk man only get one life and when they pull a tag in that excited about I’ll figure it out one way or another lol
Nick87
Well-known member
Totally.
NEWHunter
Well-known member
That was kinda part of my point. If you think you two are going to be more than fine with what YOU are doing, maybe the TWO of you are saving too much. There have been points in my life where I probably saved too much and should have spent more. We’re trying to find a balance while still making sure we have enough at the end and being able to do some of what we want to along the way. All while still being OK if something bad happens.
We just dropped some cash on four round trip tickets from ORD to ANC. At points the past I’d be freaking out about that kind of spending, but experience and knowledge have me feeling OK about dropping a chunk of change on an eleven day OIL family trip to the far north. Part of that comfort comes from seeing the whole picture and being able to make sound decisions based on good data.
We’re shooting for being ABLE to pull the plug at 60 as well.
cgasner1
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what are the actual stats on when american's reach 1 mil net worth at what average age? was that in OP? sorry if i missed it.
i guess it would have to be stats on when people that have reached net worth of 1 mil have reached it to be meaningful, because I suspect a sizeable chunk of americans never achieve a 1 mil net worth.
i guess it would have to be stats on when people that have reached net worth of 1 mil have reached it to be meaningful, because I suspect a sizeable chunk of americans never achieve a 1 mil net worth.
8.8% of Americans are millionaires. 76% are white. Average age is 57.
33 Incredible Millionaire Statistics [2023]: 8.8% Of US Adults Are Millionaires - Zippia
There are more millionaires in the U.S. than you may think, and chances are you even know one or two.
Straight Arrow
Well-known member
If it's "net worth" including all assets, then I suspect there are more Americans who have achieved a million or more than you would think. Consider the real estate values and commensurate prices presently. In the Gallatin area, a house with a few acres purchased fifty years ago for less than you would pay today for a new full size pickup would be worth millions of net worth now.
8.8% of Americans are millionaires. 76% are white. Average age is 57.
33 Incredible Millionaire Statistics [2023]: 8.8% Of US Adults Are Millionaires - Zippia
There are more millionaires in the U.S. than you may think, and chances are you even know one or two.www.zippia.com
so the average millionaire is 57 and only 8.8% of americans can identify as one.
i wonder if we can apply those uniformly to HT members and then deduce that if any less than... i dunno how to split the bell curve, 75% of us choose anything other 50's, 60's, or still hammering in the poll than we're all full of shit.
kinda looking like some folks are full of shit
well, is that not what the stats are counting? or are they only looking at 401k's and pensions? or are they looking at all bank and investment accounts?
i have no idea, but it would be interesting to know.
if it's not obvious, i'm a lazy googler today
seeth07
Well-known member
While money absolutely doesn't buy happiness, you can't deny that it does enable it.
Nick87
Well-known member
When I think of a millionaire in my little brain I think if someone who has a million liquid either in the bank or in stocks77 total votes and over half are millionaires, I think FWP has a little wiggle room to raise the price of a deer tag.
BRI
Well-known member
I'm not worth $h!t. Third wife sugar mama is. She's awesome. Highly recommend it. If I screw this up, I probably should drive off a cliff. Told my 28 year old son, he'll likely have a couple million after she and I are dead.
Addicting
Well-known member
Well who ever got kidnapped is screwed. On the brighter side their life insurance policy will most likely cover their portion of the debt.
noharleyyet
Well-known member
Health events, domestic events, biz failure, legal entanglements, surety obligations...lots of ways to cut you off at the knees.
www.kiplinger.com
Are You Rich? U.S. Wealth Percentiles Might Provide Answers
See the U.S. wealth percentiles and what Americans think is the magic number for them to be considered rich in 2023.
www.kiplinger.com
I was doing the same exercise. However, two things I feel important to consider: the average age of HT members seems to skew older, and a lot of the guys on HT (like all forums, it seems) are experts at most things.
I’m surprised at how low the “Keep Hammering” number is to be honest.
SAJ-99
Well-known member
I wonder how much the younger groups rely on help from Boomers to get that first house? I guess the rule is if youre not a millionaire by 40 then blame your parents?
