Episode #682
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Let's talk about the average net worth by every age, and how to make sure you save and invest enough money to stay on track. In this episode of the BiggerPockets Money podcast, Mindy Jensen and Scott Trench break down actual data to reveal the net worth benchmarks for the median, top 10%, top 5%, and top 1% of every age.
Then Mindy and Scott walk step by step through specific strategies that work at each age to hit those benchmarks—from aggressive wealth-building tactics in your 20s and 30s to business ownership and real estate scaling in your 40s, to preservation strategies in your 50s and 60s. Whether you're behind and need to catch up or ahead and want to optimize, this episode gives you the roadmap for your decade so you can hit your financial independence goals.
00:00 Net Worth by Age - Are You on Track?
01:09 Defining Net Worth and FIRE Portfolio
02:44 Analyzing Net Worth by Age
03:58 Key Takeaways from Net Worth Data
12:03 How to Be in The Top 1-10% in Your 20s
16:17 How to Be in The Top 1-10% in Your 30s
21:17 How to Be in The Top 1-10% in Your 40s
25:22 How to Be in The Top 1-10% in Your 50s
30:51 How to Be in The Top 1-10% in Your 60s