What Should Your Net Worth Be At Your Age? Use This Formula to Find Out!

I was 23 years old, fresh out of college, and I just started my first big boy job making $33,000 a year. (It wasn’t a ton, but in the peak of the recession I was just happy to have something to build up my experience and hopefully land a better job later in life.)

I had debt – it wasn’t that much compared to some of the messes people make today, but I owed my parents $12,000 for the last year of college that I couldn’t quite afford (FYI – being a 5th year senior is NOT the way to go). Since I was a finance major, I was naturally curious about my net worth and where I stacked up against all the other 23 year-olds in the world. Much to my delight, I had just picked up the book, “The Millionaire Next Door” and found a net worth formula . . . → Read More: What Should Your Net Worth Be At Your Age? Use This Formula to Find Out!