Find Out How Your Net Worth Ranks Compared To Average Savings By Age And How To Grow Your Money Faster

Key Ideas

  1. Two quick ways to determine if you’re building enough wealth.
  2. How your “why” makes or breaks your wealth growth.
  3. 12 essential questions that reset your financial priorities.

Are your plans for wealth and financial freedom on target, or behind schedule?

Below is a quick and dirty self-test that will show you, at a glance, how your wealth building measures up.

I also include a few tips to improve your future results.

But before we can start, we must first agree on the best financial measuring stick to use.

The obvious answer is net worth, but it’s not that simple. There are some nuances that must be considered…

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Average Savings by Age How do You Rank image

Average Savings By Age: A Quick Way To Measure If You’re On Track For Building Wealth

Is a 30 year old with a $50,000 net worth necessarily less successful at building wealth than a 60 year old with $200,000?

The 60 year old has a lot more money, but a lot less time.

How do you take into account age differences, inheriting money, lifestyle differences, and lifetime earnings differences?

In “The Millionaire Next Door” by Stanley and Danko, the authors provided a reasonably workable formula for judging your success or failure at building wealth. The formula is as follows:

1 Comment
  1. Reply
    Arbitrage Trading
    November 18, 2017 at 3:38 pm

    This seems like such a good idea, will have to take a look at it!

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