Some stats on Net Worth
When I was growing up, I was told it was improper to talk about one’s finances. Over the years, I’ve realized that information is paramount to success – particularly when it comes to money. Those that have access to the right information (and act on that) make the better decision.
When I started this blog, I struggled with the idea of revealing my own net worth. It felt wrong and insecure. I’ve trolled hundreds of blogs, and the ones I like the most, and find most helpful, are those that are most open about their finances. I’m pleasantly amazed if they’re younger and thrilled for all those who’re older – especially if they are regular, disciplined folks (with non-medical/Silicon Valley type salaries). Their stories are more along our lines and more motivating as a result. They help keep our lives in perspective and asses our own positions better.
All these folks keep an open-door policy, into their lives and finances. And the approach they’ve taken (or taking) to get to their FI goals. They are a perpetual reminder that our quest to FI is absolutely possible.
Rockstar Finance does a fantastic job of listing financial bloggers who publicly share their net worth. It is an incredible diversion (and resource). I ran through the list (see count) to make a few observations that you may find entertaining as well.
Before I do that, the disclaimer: this is purely a fun and elementary exercise, and not meant for anything other than a fun diversion.
The majority of active pursuitants are in their 20s and 30s.
Average Net Worth is highest for those that are between the ages of 50 and 60 – proving that time (and compounding) are king.
The sample size is 436 and Net Worths range from -0.500K to 12+ million.
Average Net Worth seems to nearly double between the ages of 30s and 40s.
Average Net Worth is lowest among Millennials and those with Debt.
Average net worth for those pursuing FI through Minimalism and Frugality are among the lowest. That can imply one of two things: either they are less effective routes to FI, or those pursing FI via minimalism and Frugality do not have a high-income rate to begin with.
Those in their 50s are more engaged in Real Estate. Unsurprisingly, they also have the highest average Net Worth.
Early Retirement and Real Estate seem to the preferred routes to FI.
None of these observations come as a surprise (other than how many are willing to share their real numbers). There’s a lot more you can probably do with this dataset that I have not – feel free to comment on anything that I’ve missed. And if you know of similar data, please share that as well.