Dollars and Hops

048 | Average And Median Net Worth By Age - How Do You Stack Up?


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Money Hack of the Week: Diversify your assets

  • Is your net worth all in stocks?  All in real estate? All in your company’s stock?  Do you own bonds? 

  • If you’re all in stocks - do you own all US based investments or do you also have international investments?

  • Take a hard look at your net worth - see if it may make sense to diversify your assets a bit.  

  • While we love real estate, I don’t have all of my assets in real estate, we also own stocks, both domestic and international.  

  • Main Topic - Net worth by Age

    • What is net worth?  Assets - Liabilities

    • Why is this important - helps you determine if you’re on track for retirement

    • How to track Net Worth - episode 1 - show notes

    • Net worth is not your personal worth



    • Average Net Worth By Age

      Age -- Average net worth -- 4% Rule

      Under 35 - $76,300 - $3,052.00

      35–44 - $436,200 - $17,448.00

      45–54 - $833,200 - $33,328.00

      55–64 - $1,175,900 - $47,036.00

      65–74 - $1,217,700- $48,708.00

      75+ - $977,600 - $39,104.00



      Median Net Worth by Age

      Age -- Median net worth

      Under 35 - $13,900

      35–44 - $91,300

      45–54 - $168,600

      55–64 - $212,500

      65–74 - $266,400

      75+ - $254,800



      Action Step:  Do you know your net worth?  If not, download a copy of the net worth tracker on our website under the show notes - episode 1 - track your net worth and make sure you’re making progress toward your financial goals.



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