EP259: What Your Net Worth SHOULD Be (By Age)

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Ever wondered what your net worth should be at your age? Most people have no clue. 

So, what is net worth anyway?

Think of it like this: if you sold everything you own, paid off all your debts, and stashed the rest in the bank, what’s left? That’s your magic number! It’s the simplest way to measure your financial health.

Many Americans overestimate their financial future, thinking they’ll hit it big with rising incomes and stellar investments. 

But life loves curveballs—unexpected expenses, stagnant wages, you name it. 

Seriously, our path might be the easiest way to grow your net worth. Forget the outdated advice your parents or society gave you about getting rich. Stick with us till the end, and you’ll learn how to earn, invest, and multiply your wealth.  Here’s the kicker: we’ve more than 10X’ed our net worth using these exact strategies. We’ve built a multifamily apartment portfolio worth over $300 million. Trust us, we know a thing or two about this!

So, let’s dive in!

Alright, before we jump into the numbers, let’s clear up a few things. First, we’re using US data because they love to report on money. If you’re from elsewhere, just adjust these figures to your local economy.

Next, forget about average net worth – we’re talking median here. It’s more accurate because it cuts out the crazy rich outliers. And third, we’ll give you a net worth bracket, the median, and what you need to be in the top 10% of your age group. You’re smarter than most, so you deserve this context.

Let’s start with our youngest go-getters, ages 21 to 29, money starts to matter.

One of the major factors that is weighing down the 20-somethings is huge student loan debt burdens. This, along with the recent hyperinflation we’ve experienced, is holding back the group’s ability to grow its net worth even more. So, for them, it’s all about balancing earning with smart spending and starting to invest, even if it’s just a small amount. Low end: $5,000. High-end: $99,272. Median: $6,980. Still figuring things out? Don’t worry. These folks have found their groove and are cashing in on their early start.

For ages 30 to 39, the marketplace values your skills. This age group is where one’s net worth should see a massive jump. Folks in their mid to late 30s are hitting their earning stride.

They’re established in their careers, have younger (less expensive) kids, and are ramping up their savings. This is where real wealth-building starts. Low end: $10,000. High-end: $277,788. Median: $34,691. You’re not living with your parents anymore – it’s all on you now. This is the time to leverage your career or business skills to maximize income and begin significant investing.

From 40 to 49, you’re finally getting your fair share. You’ve got clients, investments, and maybe even a serious relationship. Adulting just got real. 

Consider investing in other appreciating assets to grow your wealth. Low end: $50,000. High-end: $713,796. Median: $126,881.

For ages 50 to 59, the new midlife crisis isn’t about a red convertible. It’s about getting your finances together.

Your income stabilizes, and the financial future becomes predictable. Divorces can be costly, so choose your partner wisely. Diversifying your investment portfolio becomes crucial here. Low end: $100,000. High-end: $1,310,775. Median: $292,085.

From 60 to 69, you’re established in your industry. Your assets are climbing in value, and you’re hedging against inflation. Stay disciplined, and your portfolio will thank you. 

Consider consulting or mentoring as additional income streams. Low end: $150,000. High-end: $1,634,724. Median: $454,489.

Ages 70 to 79, you hold a senior position or your business is thriving. Your assets continue to grow, and you’re financially mature enough to ride out economic storms. 

Keep an eye on retirement savings and health-related expenses. Low end: $200,000. High end: $1,588,886. Median: $378,018.

From 80 to 89, property prices are still climbing. Focus on saving for retirement and managing your health – it’s the most expensive thing you’ll face. 

This is also a good time to review and adjust your investment strategies for long-term stability. Low end: $250,000. High-end: $1,463,756. Median: $345,100.

At ages 90 and up, your net worth stabilizes. You’ve got assets your kids will argue over, and you’re planning those comfortable Caribbean cruises. 

It’s critical to ensure your investments are secure and generating a steady income. Low end: $250,000. High end: $1,318,023. Median: $315,085.

So, how much do you want to be worth by 65? Let us know in the comments. Here’s a bonus: calculate your net worth yearly – assets minus liabilities. 

It’s a cornerstone of financial planning, helping you grow your net worth faster than the economy. If this video was a wake-up call for you, now’s the time to get serious about your financial future.

For the high-net-worth individuals out there, you’re looking at $30 million+.

Last year, 233,500 people in the US alone hit this mark. Some are even Golden Millionaires – net worth higher than their age. If that’s your goal, write “golden” in the comments.

Alright, let’s dive into the juicy stuff—the easiest path to millions (at least, in our experience).

We hear a lot about net worth growing incrementally over decades as you progress in your profession. Sure, those numbers might seem acceptable in isolation, but mediocre, average, or median level isn’t who you are. We know this because you’re here with us!

For those of you who want and expect exceptional results, who want wealth you can feel, see, touch, experience, and live with now—not 30 or 40 years from now—our path is probably the easiest. 

We weren’t techies, and we didn’t know how to program.

We were in fashion because our family was in fashion. Then, a dramatic event hit us, and we lost our income overnight.

If we had listened to our parents, we’d have stayed in fashion, doing the same things and hoping for a better result. Instead, we decided to educate ourselves in everything real estate. Why real estate? Because we were tired of being replaceable by cheaper labor in other countries.

So, we rolled up our sleeves and got our hands dirty with the flipping business, then moved into multifamily apartments by leveraging other people’s money. We started with a humble 76-unit apartment, to name a few.  Fast forward to 2023, we purchased a $77 million apartment, and now, in 2024, we are building a 100+ townhome community.  And hoping to add our 10th deal soon.

In just five and a half years, we’ve increased our net worth more than 10X by buying multifamily apartments and building new developments, all while using other people’s money.

This kind of exponential growth isn’t for those who follow the traditional path. Talk to anyone with real success, and you’ll find they include real estate in their portfolio. That’s how they’ve increased their net worth exponentially.

You’re here because you don’t want to be average.

According to the data, the average American is overweight, alone, and broke. If that’s true, we definitely don’t want to be average. The bar for being above average is so low that it would be insane not to get started.

For those of you starting out and trying to figure out the best path to expotentially grow your net worth, consider this: Is what you’re doing capable of successfully growing it?

If it’s your job, can you 10x your income every year? If it’s a business, does it have linear growth—small 2%, 3%, 4%, 5%, 6% increases each year?

If those are the types of businesses you’re in, you’re never going to get there fast. Your business model doesn’t allow for that.

So, the choice is yours. If you want to grow your net worth exponentially, follow those who have done it. As Tony Robbins said, “Success leaves clues.”  For us it’s multifamily apartments. 

If you’re wondering how to get rich using other people’s money, we’ve broken it down in this video. Watch now, and we’ll see you soon!

In five and a half years, we went from a net worth we’ve more than 10X on net worth. We’ve done this with less and less work and effort because as we purchase more properties, we grow our investor list. That’s why our access to capital, aka OPM, is flourishing.

So for those of you starting out and trying to figure out the best path to substantially grow your net worth, consider this: is what you’re doing capable of successfully growing it?

If it’s your job, can you 10x your income every year? If it’s a business, does it have linear growth—small 2%, 3%, 4%, 5%, 6% increases each year? If those are the types of businesses you’re in, you’re never going to get there in a short time frame. Your business model doesn’t allow for that.

For us, we recommend finding a way to switch up what you’re doing.

Get into something that can continuously grow your wealth by millions each year. Aim to double, triple, 5x, or 10x your net worth in a way that’s very achievable and for us we found it with multifamily apartment investing.

So, if you realize now that your current path won’t get you to your goal net worth, go watch this video on how to get extremely rich using other people’s money so you can make up the difference.