what is my net worth?#makemoremarbles #businesscoach #businesstips #entrepreneur #mokemoremoney

Is your net worth above average? For someone in their 30s, what's the age that most people become a millionaire on average? Well, let's find out. So at age 30, the average net worth is $49,388. At age 35, the average net worth is $122,700. At age 39, the average worth is $274,112. Now, 55 is the age when most people who are going to become a millionaire become one on average. At 60, you're looking at $1.165 million and so on and so forth. So if you're not there yet, let me show you how to expedite that step. The amount that you're investing to 25% of your net income. This might require some adjustments the way you spend Step two is not to take on any high interest debt. That's any debt that's above a 10% interest rate. You want to avoid that at all costs and make sure that all the debt you are taking on is good debt. See some of my other videos for the distinctions. Step three. You want to avoid lifestyle creep, meaning your expenses start to rise with your income. You want to be very wary of this and avoid it at all costs. Don't try to keep up with the Joneses. Simply put, save more, spend less, invest more, earn more.