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/biz/ - Business & Finance

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21187728 No.21187728 [Reply] [Original]

How much does your networth need to be to not be considered poor? I don't mean to be considered rich, just not poor.

20k? 30k? 50k? 100k?

>> No.21187838

>>21187728
I’m 22 and at 50k, which I think is at least the bare minimum anyone my age should have

>> No.21187919

>>21187838
>tfw 27 and only 33k

im ngmi am i

>> No.21188548

>>21187919
You're fine

>> No.21188645

>>21187838
I think most people are in the hole tens of thousands of dollars at that age, from college debt and whatnot.

>> No.21188715

Depends on where you live, but not being poor means that you have no real dept (except for a morgage) and that you have enough money on hand to not worry about emergency expenses like replacing a Dishwasher or even a car when it breaks down for whatever reason.

>> No.21188786

>>21187919
26 with lmao €14k

>> No.21188809

>>21188715
This, also there is a huge geographical influence in about how much you need to not live like a poorfag.

>> No.21188845

>>21187728

Do you include all your assets?

25 yo, 250k including real estate & investments.

>> No.21188870

anything above 50k gives you a good amount of freedom, much more than a poor person

>> No.21188932

>>21188645
this. 70% of people dont have $400 in their bank accounts. and that was BEFORE the Pandemic

>> No.21188984

>>21187838
>24
>February networth $200
>Networth now $34,000

>> No.21189019

>>21187728
27 and I’m at about 165k. Feel like that I’m doing better than 90% of people my age, but it’s still not good enough.

>> No.21189081

Poorfag: Less than $100k net worth
Middle Class: $100k to $2 mil
Upper-Middle Class: $2 mil to $10 mil
"Rich": $10mil to $100mil
Rich: More than $100 mil

>> No.21189126

26 $50k from crypto, $2k in bank, not counting 401k.

Middle class suburb. Everyone around me has much better cars, and better homes. Are they loaded or idiots with cars they can't afford.

>> No.21189163

>>21187838
thats just like not true

im 250k at 25 but like most people at 22 are totally in the hole with debt so your doing well

>> No.21189169

>>21189081

Does this include real estate? Because if so I have over 300K if not i only have 10K

>> No.21189212

laughing at all these young people worrying about their finances. i am old millennial but I traveled and just played music and didn't give a damn about making money til I was 32. I am 38 and doing great. It's cool all of you care about financial stability but if you are under 30 and have no debt and at least some prospects of making money in the next few months, you are doing fine. Don't go bald or grey or have heart problems stressing about money. Be well rounded.

>> No.21189240

>>21189081
Debt slave: less than $0
Poor fag: $0 to $10k
Lower Middle Class: $10k to $100k
Rest is good.

>> No.21189291

>>21189169
is your real estate fully paid off?

>> No.21190057

>>21189169

Its net worth, so it includes real estate, but you have to subtract any debt like a mortgage.

>> No.21190654

>>21187728
net worth doesn't matter so much, net income does. Do you make more money than you spend? If not, you will run out eventually, unless you are really really rich.

>> No.21190691

>just turned 22
>$250,000

should’ve had a million by now

>> No.21190958

I’m 36 my net worth is 250k (25k crypto 75k stocks 150k cash) and debt free. Still haven’t bought a house yet. I consider myself poor. If you have less than me you are definitely in extreme poverty