I'm very curious what everyone's departure point for BAC is. I'm 49 and feel like I have a decent networth. What net worth, location and age do others have or think is enough to quit BAC?
15 replies (most recent on top)
I'm 40 with net worth of 1.1 mil with no debt except for the house. The house (valued at nearly 500k) will be paid off within 4-5 years. I'm hoping my role at BofA is stable until that point. Once the house is paid in full, monthy living expenses will be extremly minimal so I may consider leaving the full time rat race and find part time consulting work (no more than 30 hours a week). I plan on fully retiring sometime between 55 and 60 depending on how quickly the market gets us to the 2 million + mark in retirement/brokerage accounts.
My advice to the younger generation, invest like crazy (ROTH 401K is your friend) and don't borrow money except to buy a house. When you buy a home, use a 15 year mortgage only. Spend as little as possible on stuff like cars, expensive vacations, and other items that depricate in value.
62 here worth 2.5m my target is 3.5m
Going to buying cryto to get me thete
Negative net worth lol oh well just work until the end…
42 and net worth of 3.1mm, just got laid off last week…
I am 35 with a networth of 400K
49 yr old. 1.1 million net worth of which $830 is currently in the market. Only debt is a house payment.
- Net worth $1.2 million (750k in 2 houses). Selling 1 in next 3 months as this market is wild. Goal is $2 million and retire back to Costa Rica..
age 45 here. networth little over $1 M (no loan, no house).
50, I am far behind at half a million.
57 here, 3 million in investments, 500K in house equity and various other highly marketable assets (art, coins, watches, etc).
67 here have 1 million dollars 2 paid off houses I have a feeling they will be laying off soon
48 here, Charlotte, net worth of $1.9m which includes a fully paid off house (about $700k)
72 year old here from FL, with a net worth of 2.3MM, no debt and trying to save up as much as I can before I get laid off. This upcoming inflation worries me a bit but I have a good portion of my nest egg in cryptos.
I'm the same age as you and my net worth just reached $1MM. No debt to speak of, and have over $100k in cash. I'm trying to save up as much as I can because i want to be ready for the next chapter if this place lets me go. Keep saving everybody!
$24.95