Average Net Worth by Age (The SAD TRUTH!)

The average net worth by age can be a fascinating number, but really I think it's more important to pay attention to the median net worth as that's far more representative of what most people will achieve realistically throughout their life. The problem is some people are so rich that it drives the averages of far beyond what most people will ever achieve. So really the median net worth is what we are most interested in. And once you find out how low it is, especially if you're a young person, this can't be very good news and encouraging to help you eventually become a millionaire.

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.

[KentWhitemore-cc]

Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets.

[marblox]

Judging by all the newer expensive vehicles I see on the roads - I would say most people will never be able to retire.

[Jakepattison]

45 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.

[paulgugger]

I'm so old I remember when having a million dollars meant something.

[tinlidtoo]

Invest in your health... NUMBER ONE! so many older people I am friends with are spending all their time and tons of money at the doctors office

[andrewgleason]

Its worth a real lot to have no debt at all...

[edwardboers]

be frugal. work hard. avoid debt as much as possible invest a portion of your money early in life as much as every paycheck.

almost an automatic ticket to be a millionaire in your '50s or '60s. just make sure you don't pick the wrong spouse and raise your kids well

[Remypierre-wl]

I'm 51, have $1.2m portfolio, make 20-30k in profit weekly.
I am wicked proud of my portfolio.
I only have 6 high yielders,
20 are like 8-10% 7 about 15-20% and 6 return 40-50%
I went through 7 dips of 5-22% and was not down more than 10%

[steelmill]

The more I saved the less I wanted to spend.Retired Early

[cabracove]

Content is well worth kicking in now and then. I watch these every day.

[syoung]

This is why our main focus was to have everything paid off. We've been looking for land for several years now to build what we want. There's only so much stuff you want in life. Having everything paid off and being able to pay cash as much as possible is the best gift you can give yourself.

[ralphseewald]

Nothing good can come from comparing yourself to others

[BillySBC]

It's not about Net Worth, it's about Net Spending. The less you spend the wealthier you are.

[Jamaali]

Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $70K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.

[tommytomhan]

I am 71 and still have a small mortgage balance of 64K on my home, which is valued at 350-400K. I have a little over 100K in retirement accounts, 6K in regular savings, and live off of 2500 SS, 1350 defined pension. I only take 4K a year out of retirement accounts. So 50K a year and i live fine and usually save money each month. Saving account dwindled this year because I had to replace roof for 18, 000 counting solar panel removal and reinstall. So i don't have a lot for my age but i am satisfied.

[CraigNAnderson]

I'm 56 and wife is 61. Net worth is $3 million. We still owe money on our house, but we will downsize from a 3400 sq ft house, 3 car garage when I retire at 61, debt free. What changed my life was my best friends Dad when I was young. I grew up poor and his dad was a Geotechnical Engineer. He instilled my confidence to get a Mechanical Enginering degree. I worked in an underground gold mine on the weekends to pay for my education. Our two boys are Engineers. Changing our family tree, slowly. My two younger brothers have struggled with money and relationships, as well as their children.

[RealNewsChannel]

For the average person it's not so much about what you make but more so what you keep. In other words, the average person should cut expenses and focus on staying out of debt... Cut costs and take that extra money and your first investment should be in gold and silver.

Wait until a serious recession or depression hits and then buy your first real estate when people are so desperate that you can basically buy their house for walking money.

[jeffreybaier]

How much was Steve Jobs worth when he died. Answer, nothing he was dead. Live and enjoy life, and don't spend beyond your means.

[curitira]

All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.

[hikewithjustin]

I stopped thinking about “net worth” long ago; it doesn’t mean anything. Now it’s “how many years can you live and not change your life if your income goes away?”