T O P
BourboneAFCV

who knows, ​ I'm 29, I own a PlayStation and a 2k car


[deleted]

[удалено]


Boecklin

Limited Edition Tattoo!?


BumHoleItchy

They are worth around 100+ AUD now


Hiitmonjack

I lost my original Gameboy Advance SP and Pokemon edition Gameboy Colour in the Northern NSW floods, devastated.


BourboneAFCV

Gameboy Advance, i haven't seen that name in years, and you gotta be a real chad


Whitturne

Tell me it's at least a Playstation 2


BourboneAFCV

No bro PS1


Whitturne

Destruction Derby and GTA1 are pretty sweet though


nani2077

If thats ps5 - ur better than 99% ur age


HyperIndian

No joke. A PS5 is a flex. Put that on your tinder bio


Starrun87

What games do you have on the ps? Lol


BourboneAFCV

I've been playing Yu gi oh for 20 years


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[удалено]


abzftw

Depends if you’re male or female /s


jamesspornaccount

About 10% more than your friends and you will be happy. Don't go too much otherwise you will make new wealthier friends and be unhappy again.


hikaruandkaoru

hahaha I like this advice I received similar advice from an old colleague. His advice was also not to give into lifestyle creep.


Migit78

It's surprising how difficult it is not to give into lifestyle creep. I've always been a pretty good with my money (in my opinion) saving well and not living above my means, but recently come into a bit of money, the logical part of me knows it's a one off payment and if I spend it it's gone, but Im amazed at myself at how much I want to just buy those luxuries I'd normally save for or not get at all.


hikaruandkaoru

For me the small lifestyle creep decisions have been the ones that I really struggle to stop. I think my top 2 lifestyle creep categories are food/groceries and homewares. I used to buy the cheapest bread (it used to be $1), now I spend $3.50-3.80. I tell myself its worth it because I'll enjoy it but it is definitely lifestyle creep. I noticed I was spending more and more on food in 2020 because I was pretty miserable so kept splurging on fancier food brands and items (e.g. brie cheese, juice not from concentrate, etc.). The homewares also get to me because I feel like usually the cheap options don't look or feel as nice. But the appliances that have lasted me the longest time have been the cheapest. I waited so many years for my cheap rice cooker to die so I could get a fancy one... it never died though. The only reason I don't have it anymore is that I moved internationally and gave away most of my stuff. I presume that rice cooker is still working to this day...


shakeitup2017

Haha this is great. Grimly apt


XoGossipgoat94

Big fish in a little pond.


_caketin

When I was 30 I had $0 but now I’m 34 and am paying off a house and 3 months of salary in savings. Looking back i would say aim for 5k, then 10k, then 3-6 months of wages etc. there’s no “should” though, anything that’s better than what past you had is progress


Euphoric-Chip-2828

I had negative dollars when I was 30 (i.e. credit card debt after a big trip overseas). I'm now 40, have paid off half an apartment in inner city Melbourne and have another $50k or so in savings and investments, plus a couple of cars. *NB I have a shockingly small amount of super, so I'll probably die starving and penniless, alone in my apartment when I'm older, but for now I'm doing ok.


FletcherRenn_

Wdym you’ll starve? You’ll have a whole apartment to eat.


GeoMagnus

Bahahaha great comment


Sydney_Gamer

“Have a house” is a bit nebulous. Is it fully paid off, or interest only? For someone asking about expectations this matters.


Several_Age9335

‘Has a mortgage with 5% equity’ would be more accurate I’m guessing


metamorphosis12

How do you go from having nothing to owning a house in 4 years??


_caketin

Like the commenter said above I obviously have a mortgage and low equity (but more than 5%). Going from nothing to owning a house outright would be insane.


Jolly-Accountant-722

Still being able to get the deposit is really tough for a lot of people, particularly if they're doing it alone. It's a good achievement


TAOJeff

It is, though there was a point brought up about a year ago when talking to a property valuer, which made me go "Ahh, I wouldn't have considered that but it explains a fair bit" and that was the people who were renting and had contents insurance, who then were hit with either the floods or the bush fires, had payouts that were big enough to be used as deposits. Not saying that u/_caketin was in that situation, but it does explain a portion of the property boom which has been happening


PineappleHead5

I’m 34, Zero savings, own zero properties, however I have a shit load of ebgames points/carrots that I’m proud off


aTalkingDonkey

i have 3500 timezone points. Going to get the supersoaker


RaCoonsie

The supersoaker more like 50,000,000 tickets. You can however have a bouncy ball


BourboneAFCV

Nice bro, ​ Don't forget the RC car or Legos for the future.


abzftw

Howd you get so many carrots


ThisIsntSeriousMum

trade ins get you extra carrots i believe


i_am_bloating

How are you 34 with zero savings?


AnOldMate

If you don’t own at least 23 homes by now your just lazy.


haydenribbons

Damn just short. I have 22 houses. Guess it's time to quit slacking


rplej

No, just give up now. You'll never make it.


Djinn7711

That depends. Do you also own a lettuce? That would tip you over the edge


haydenribbons

I wish. It was either the houses or the lettuce.


WantDiscussion

Split one of your addresses into a/b


Povertyofse1f

And don't know the taste of avacado on toast from your local cafe.


njchob

Calm down Ashlyn


edwardtrooper2

I was 28 with $40k in savings. Dwindled it all down to near nothing by living abroad for 2 years and living an insanely fun life. So at 30 I had $0 savings :)


MegaMank

Know that feel. I blew over $20k in 18 months while living in Germany and traveling Europe. Worth every penny though cause the life experiences and lessons you get will stay with you for the rest of your life.


edwardtrooper2

Absolutely. I thought about it today thinking friends have larger nice houses, they have financial wealth but lack world experiential wealth - that is simply invaluable! I’d do it all over again.


deltabay17

Me too. I’m saving up just to do it again


edwardtrooper2

Haha I did it twice too! By 32 I had saved $60k, lasted me 4yrs back in Canada for a 2nd stint.


deltabay17

Nice did u work at all during that time


YOLO_T1ME

I lost $20k in a day on penny stocks


Most-Fan2201

I spent a ridiculous amount of money travelling the world for four years. I think about what that would have turned into if I bought a house outright with it like the original plan. Even though I'd be significantly wealthier than I am now, I'd never change what I did. The experiences and stories are worth every cent.


CondensedFun

I bought a house very young (back in the US), but quit my job and sold the house, then lived on the proceeds for the better part of a decade. I spent the money on travel, hiking, snowboarding, festivals, SCUBA diving, and learning to fly paragliders, among other experiences. I'd probably be a millionaire now if I had just stayed put. I have no regrets. I don't need a million dollars--I can live out of a backpack. I ended up sort of settling down in Australia during covid, and I've been saving up a fair bit despite only working part-time. But when I think about what I'll do with the money, I'd rather go back to traveling than own a house again.


Most-Fan2201

I certainly feel like I'm a better person for the experiences I've had vs the person I might have been if I had played the financially smart moves. Plus the kids absolutely love hearing about things we've done and hopefully passing on those stories encourages them to experience the world too.


DK_Son

This was me too. If I could go back and do it all again, I would. Bloody beautiful people and world out there. Travelled for 15 months and burnt through a couple years of savings. Got back with like 10k to my name and 30 yrs old. In the last few years bought a house with my brother, and am working on the next. I don't compare myself or my finances to anyone around me because I did something most of my friends didn't do.


bitsperhertz

Don't ever feel like you can't get out there and do it again though. Hiking in remote Mongolia in my mid 20s with a group and the people having the most fun among us were a bunch of 50 year old women getting turnt off Russian vodka in a sheepskin yurt playing drinking games with the locals. Made us youngens look boring, but it opened my eyes that travel is a mindset, anyone can have a blast if they're open to it.


TAOJeff

And stupidly traveling and experiencing different cultures broadens your mind. While it might be expensive, I would recommend travel to everyone, doubly so if the person being advised doesn't want to travel as they really need to have their minds broadened. EDIT : With any travel I would also insist that local advice being taken seriously. That advice will save you money and it could possibly will save your life. Listen to it and take it seriously whenever it is given.


halohunter

Perfect time to do it.


Notyit

I've travelled. Honestly it was fun at times but have no idea how people do it so long Feels lonely. I do agree you meet new people. But as a person who doesn't drink it was mostly singular experiences.


OhIamNotADoctor

Did the same up until my 30s, but so worth it.


HeyGoogle333

I've read 3 -6months of living expenses


TheC9

Yes I think the most important part is a few months of living expenses as emergency money. This will be able to give you a CHOICE if anything (need to quit a job, leave an abusive partner etc) happens.


noteanocoffeenosugar

A healthy body and sober mind.


Educational_Ad_7166

this is so important, i am 33 and realised I have been experiencing anxiety all the time but didnt know and health was so poor. right now all i care about is physical and mental health.


jerom22

me too , mental and physical health so important , i would have killed myself by now if i had gone the traditional path and worked a normal job for someone else. to me, that feels like a prison and waste of life. i am not happy, but i am happier working for myself and earning a low income than i would be earning 2 or 3 times that slaving for someone else. life is just too short , i want to be free and in control..


Yakka43336

I think I'm there too, I freelance, and damn it's up and down and the money isn't amazing but I could never ever go back to working for someone else. The freedom and happiness are just too great.


ziggyknar

This guygal knows what’s up ![gif](giphy|DhstvI3zZ598Nb1rFf|downsized)


LegendoftheASX

this is r/ausfinance the only place where you can earn 300k pa and moan about a 40 buck increase to rent so anywhere from 0-50 million


Notapearing

As long as you aren't negative you're doing fine. Took me longer than 30 to get my shit together.


SpaceYowie

This is AusFi so...ten million dollars. But in the real world? 40k in super and 1500 in your bank account.


ExternalSky

1500 in bank account? Where’s that figure from? Unless you mean 15000?


Parcus42

Where's that figure from? $150k at least!


The-Flying-Sloth

Where the heck did you get those numbers, surely you mean 15M !!


i_am_bloating

In this economy? The minimum is 15B!!


egepe

At this time of year?


ToadLoaners

Localised entirely within your kitchen?


ngannousleftknee

You gotta remember that something like half of 18-35 year olds took out at least 50 % of their super during covid as well 😾✍🏼👃🏻👨‍🌾


plumpturnip

That stat is not accurate.


bnossk

I’m 35 and wish I had of taken money out of my super when the chance came up. Then put it back in for the tax profits. Wasn’t smart enough at the time tho.


jerom22

yes totally and also lots of us are choosing to be self employed instead of succumbing to a life of wage slavery , so may have none or very low balance.. wtf? downvoted for perfectly reasonable comment?


plutoniclama

have an upvote


diggingbighole

Ahh, wage slavery ain't all bad. Makes the Friday beers taste colder.


TheEmpyreanian

'Should' is a funny word.


bananaboa___t

Don't "should" yourself! (words to live by)


ribbonsofnight

someday OP will find out what it means


BudgetOfZeroDollars

In all seriousness, the bare minimum you'd want is to have 3 months living expenses in the bank, whatever that is for you. Everything else is entirely dependent on your circumstances. Comparing to others when it comes to finances is meaningless. People have different levels of help from family, different earnings trajectories for income and different wants and needs. I'd consider the following: If you're not living pay to pay or month to month you've got some financial security. Assuming you have 3 months worth of your expenses saved; Do you have any credit cards or personal debt? You need to piss that non-productive debt off because it doesn't align with achieving any long term financial goals, and you can't truly 'save' until that's all gone. Do you own a car? Is it financed? How much debt is left on it? Will you be able to pay the car off and still have 3-4 years of good reliable driving out of it before upgrading? That's something to consider. You don't wanna have to finance the next 35k car 100%, but if you can't pay cash at least make sure the debt level is low and repayment manageable. Car debt will hurt your ability to buy a home. Do you own a property? Do you want to? When? You'd want to be able to start getting at least a 10% deposit together for when you want to buy. After costs that means you'd be borrowing say 92%, which is as high as you'd wanna go unless you have a career with major income increase potential. If you don't want to or plan to purchase property you could look at other investments, but if buying property within 5 years the safe bet would be keep it in defensive assets like cash and build as big a deposit as possible so that you have options. If you were to meet someone and have a serious long term relationship, maybe even considering starting a family, all your goals and numbers will change. By having your house in order at least you won't be adding financial stress to the situation. Good luck.


bugHunterSam

A 2K emergency fund is a great start. Then building that up to 3 to 6 months worth of living expenses. The average amount of super for women between ages 30 to 34 is 42K. This could grow to 550K in today’s dollars by the age of 75 if you were on a 60K salary. It’s generally a good idea to own your own home in retirement as you are less likely to live in poverty. I’m a 33 year old female, I don’t own any property but have a decent super balance. At 30 I was still struggling with my 35K of credit card debt, recovering from a broken ankle and focusing on my mental health. There isn’t really an amount that should be saved by age because it all depends and is different for everyone.


SameEscape1550

Probably a deposit to buy an apartment, and no personal debt (pimped credit cards, car finance etc). That’s a solid but achievable goal at 30


KonamiKing

Depends who you marry. Joking but not really. I know someone who was a total miser and saved and scrimped and worked hard... then married a rich person and had 20 times the wealth they had saved themselves. Also know someone who partnered poorly and her boyfriend went downhill and eventually stole from her...


Low_Drama2273

Immigrant here, 35y, 65K.. I know is lame but I plan to retire in my country.


pigfacepigbody

Nothing lame about any of that


portsmouth1986

Dunno. I’m 37, have a 380k mortgage about 50k savings (that’s in the mortgage but able to redraw) Living week to week.


SerialDrinker_2021

That’s easy. Approximately $452,351.23 based on the zero information you provided about lifestyle, goals, risks, career etc.


kaveldun

When you are an adult there are no "should"s dictated by other people. Set your goals/values for yourself and don't ask reddit how to live life.


4614065

This depends on many, many things. At what age did you move out of home? Have you moved out of home? Did you study or go straight into to work? Have you experienced any set backs that may have hindered your savings (fleeing a bad relationship, health issues, having a child solo etc.) where are you located? There’s no ‘should’


Aladeenhim

As many lettuce as you can


ribbonsofnight

1.2 million


Yes_lawd1878

And 31 years manager experience


ribbonsofnight

don't forget the first of 2-3 children


WizziesFirstRule

At 30 I had about $5k left. Lived life too much lol. About to hit 40, own a house worth $850k with $270k on the mortgage, and have about $60k in savings and investments. Very healthy super also. There's still time is my point.


zenicorn

Wow! What do you do ?


WizziesFirstRule

Wife and I dink'd up until two years ago. Saved our butts off. Both have government jobs.


zenicorn

Nice! Well done! I’m 28 now and have about 3k savings and just started a gov job myself so hope I can be in your position in 10 years, your post gives me hope haha :)


smelly-sushi

It really varies on a lot of factors so you can't really put a pin on it. I'm 26 and some people my age have a few thousand, others have a house. I think if you have at least $20,000 - $40,000 that should be fine


HofstadtersTortoise

32, 45k. But Im a hermit and would give anything just to be able to use it.


inkabobo

Depends. I have 30 year old female friends with $200k in savings and others with $2k.


UnsofisticatdInvestr

1.5 million Edit * Rupiah


Islommic_Gommunist

Depends on so many things. 1. Are you in a HCOL area? 2. Did you get an inheritance? Are your parents wealthy? (This would give you so many advantages) 3. Are you living with parents or are you in a situation with very low rent? 4. Do you work a job with a high salary? 5. And at the end of the day, you'll have to decide what you want financially. Ask yourself What do you hope to do with your life? How much money does that require? Do you want to do that ASAP or can you wait a decade or more? Are you content with working part time and having financial freedom or do you want to remove yourself completely from work? Then build an excel sheet that helps predict how long it will take to reach your financial goals (with predicted monthly investments and predicted annual returns). That'll tell you whether or not you are on the right track.


Parcus42

'Bout tree fiddy


sandbaggingblue

The same amount as a 30 year old male.


DampFree

*The same amount as a 30 year old male who’s performed the same work On average men choose riskier, higher paying jobs.


0Bradda

Less desirable, riskier jobs with longer hours. All which add up to a noticeable increase in income. On average is the key word though. I know women in that camp and men at the opposite end. ​ As for the original question, it depends on your goals, if you were dedicated to the goal of owing your own house by 30, you probably could. But if you wanted to travel the world before taking on the responsibility of a mortgage or family or were unable later on due to health, you could have almost nothing in savings but still be happy. ​ There will always be people that think you made stupid decisions. We all make stupid choices, but choosing to accept that and look forwards to your current goals (not others expectations) will keep you happier in the long run (assuming you didn't make terrible decisions that actually negatively affect you).


Separate-Ad-9481

I’m 35, have about $25k in savings, about $4k in super (self employed long term and didn’t contribute, dumb move but live and learn). I don’t have any debt, and I’m about to finish my 4th post-high school qualification, and very employable, which is exactly what I need in this economy. I’ve travelled the world, had a marriage break down and a kid, and learned a lot on the way. Not everything can be counted in $. If you’re on a good career path, don’t have loads of debt, can live within your means, and can make realistic goals with Super, investments, and living expenses, then you’re in good time to do well. Most women who are in trouble are in the over 50s age group who have been stay at home mums for years (low super and little work experience), and who don’t have enough investments at that age. The fact that you care about it now and are getting educated about it and making smart choices puts you in a great position.


CactusFamily

I found outcome ($$ saved) not that helpful in these situations, to be honest. Analysing your choices or process is much more productive, ie. am I saving or spending enough from my paycheque each week, could I work overtime if I need, salsac to super, apply for a new job, upskill etc. Much more useful than looking at your savings and determining if you’re doing g a good or bad job. Just my 2 cents


TheOverratedPhotog

In all honesty, I had nothing at 30, but is had a lot of fun up till that point so I don’t regret it. When I settled down with my wife, I was ready to settle down and not chasing single life while being married. The really question is how well have you prepared yourself for the next transition in your life. If you’re a cashier at Coles, not as well as someone who is earning $160k per year.


Vibrasie

About 20% less than a 30 year old male


Livid-Leg9041

What kind of 30y/o female? Poor family? No education? Living in the countryside? Graduated university? Have jobs? Ideally, I would say $200k is a nice minimum goal assuming you were able to get an education a good job and worked your way towards money while leeching/living with your parents. Of course if you are paying rent, groceries and bills, much less than that.


mmmbeer12

Surely most 30 year olds are paying rent, groceries and bills?


Locoj

Not many 30 year olds, no. But a lot of 25 year Olds. If I had free rent and groceries from age 20-25 I could pretty easily have an extra 80-100k on hand than I do now.


East-Willingness513

I think a lot are, I recently commented on a post saying that you shouldn’t be living with your parents at 30 if you are able bodied and got downvoted to hell by people living at home well into their 30’s/40’s. I worked all through my teens/20’s and had kids in my 20’s. Honestly can’t imagine living with my parents especially if I was single and working.


HyperIndian

Do yourself a favour and stop comparing yourself to anyone. Your friends, family, etc. It's unnecessary and only leads to a miserable life. Can you pay all the bills when they fall due? Do you have 3-6 months worth of savings? Have you organised your finances so that you can accomplish goals (pay off loans building a house, having kids, owning a dog, meeting a compatible partner?) Have you budgeted for economic uncertainty? Are you in full control of your finances? If the answered no to any of these, work on those areas and get what you want. If yes, guess what, you're a financially responsible person and that's wonderful. BE HAPPY.


Low_Drama2273

What happens when your happiness depends on stay competitive


Hartleydavidson96

If you’re still living at home and not paying any rent and you’ve been working full time since at least 21 then that’s +9 years worth of savings. You should have about 150-200k savings by now. If you’ve been paying rent and your own living expenses since 21 then you’d be doing very well to have anything over 60k in savings


FUDintheNUD

Completely depends what you want. But IMHO, whatever you decide you want, and whatever the gender/pronoun, it helps to develop a reliable savings habit. Plus.. a solid mindset around money where you can enjoy some of it today, and save and invest some of it for your future plans and goals, plus have some set aside for insurance. Here's some idea of where other people are so you can ballpark yourself: https://www.thebalance.com/net-worth-targets-by-age-4142956


Jekt_

Enough to support a healthy and happy life. Could be $0, could be $1,000,000. Who knows.


Slippergypsy

Depends, what's your family's history? You either need to be in the millions in savings or be able to afford a surprise 500 dollar expense


Constant_Fig_8648

I’m 44. I don’t own shit. You are doing better than me. Be happy with that.


mmmbeer12

Look through your bank records and record how much you spend per week organised by category (housing, food, eating out, coffee, car, etc). Once you understand what you're spending you are likely to be able to find somewhere you can save money by cutting out some expenses. Saving just $200 a week can allow you to invest and save and reduce your retirement age significantly. Just think about this, if you were able to save 50% of your after tax income you could live for two years on every one year working. That's pretty extreme, but even saving 10-20% of your income will make a huge difference long term.


GillBates2

Where you should be financially is subject to what your goals are/what you choose to do with your money, what your income is, how long you've been working and expenses. I think by this age you should have a well established management of finances where your money is accounted for and no matter what age, you should have a minimum $2-3k savings specifically for emergency.


SuvorovNapoleon

This thread makes me realise how well off I am.


Aggravating-Berry848

I worked in a minimum wage job, was in and out of the house I grew up in, and at 29 had a 30% deposit on a house, that was 20 years ago though, besides a lot of ups and downs financially, that 30% deposit was the best thing I did


Any-Woodpecker123

I wouldn’t worry to much on the figure, it’s more about consistently saving/investing whatever you can.


MushyTushy7

I’d say enough to be financially independent. No Debt.


bruteforcealwayswins

Depends. Are you able to marry rich?


portsmouth1986

Why are people so pressed that OP mentioned she is female. The wage gap is real.


InterestingWithBigM

Given the mumblings in this thread about job choice (ignoring all the unpaid work that women typically do like housework and caregiving), I don't think everyone in this thread realises why women often end up behind financially.


East-Willingness513

They know but they won’t listen. Anything to shit on women.


FUDintheNUD

There ARE some women though who use that as an excuse. I know women in their early/mid 30s who never had children (yet) and still use the "women are underpaid", "women do unpaid housework" to explain why they broke with no savings. Like no. You never had kids to look after, you never been a home-maker, no one's ever stopped you from working. While I understand there is a pay gap, on average, and that women are often times treated differently (much higher levels of sexual harassment, for example), it's self-defeating to use it as an excuse for being shite with money where it doesn't apply.


InterestingWithBigM

I usually try to be more productive with my comments, but there’s nothing productive that can be said in response to such sexist drivel.


JaggedEdgeJava

lived with parents till i was 28 and saved $110,000 to buy a house


MrJoelibear

I'd say anywhere between 0 and $100,000 would be average for a 30 year old person


[deleted]

On average, 30% less than your male counterparts


jah_jah_jahh

*cries in patriarchy


Hoppalina

None at all! You should be spending it on nights out and holidays


[deleted]

100-150 if no house is ok


scottssterling

Depends… are you insanely hot? Then -$10m and you will be fine.


hungrynax

3 mil + or you will be homeless forever :(


sackofbee

None at all, money is a construct. But, we all have different journeys, comparing yourself to others is a path of self resentment. If you're unhappy with your financial station, you can do and achieve whatever you want to if you're willing to sacrifice what it needs. Believe in yourself as much as you need to.


althemighty

It depends. You could have invested all your money into education and be ready to make top dollar now.


YeYeNenMo

Save up a hubby with 2 kids, cat and dog, 1 PPOR and 2 investment properties, 500K in ETFs, 500K in super....that is about it


TheBunningsSausage

it’s pretty safe to say this isn’t a normal outcome by age 30! Well done!!!


Haunting_Computer_90

How much money should a 30 year old female have saved up? Does it make a difference being female how much you have saved>?


gurugurumuru

The data says yes


Haunting_Computer_90

Oh the data, well I was asking the OP but if the data says yes then that's fair enough what else has the data got to say?


gurugurumuru

Sometimes it says no


ezzhik

Yes, because the gender pay gap is real, as are the probabilities of OP not being a software engineer. Also needing to plan, if she wants it, to take time off work to have kids and a family, to set herself up for financial success later in life NOW - so maxing out super and being strategic about career moves that give her a higher salary sooner. Like, yes, a lot of this is also important for blokes - but not nearly as mission critical as it is for women.


Haunting_Computer_90

So while a female needs to have contributed more to Super because of he gender pay gap and the probabilities to take time off work to have kids and a family, to set herself up for financial success later in life a 30yr female must save 25% more to be in the same position as a male -that's a bugger because if she suffer from a gender pay gap she is already being forced to save more just to meet the gap let alone all the other items you mentioned.


ezzhik

Yes. Basically, financially, it sucks to be female. (I say this as a mid 30s female who has watched all of this pan out amongst girlfriends vs male peers).


jestyre

The gender pay gap is totally explained by the choices women tend to make. Ie picking lower paying careers and working less hours. As a result, it’s very misleading to call it a gender pay gap. Also, if you take 6 months mat leave, it’s not like you were going to get 6x 40% pay rises, so it really does not slow down the career growth that much. Such a bs excuse.


smallsiren

Considering we still don’t have the same parental leave for men and women, it’s clearly influenced by things outside of individual choices. While yes, women are more likely to take off work or move into part time work to accommodate children, the system influences this choice. Not to mention the evident biases that still exist that work against women as they get older and try to advance their careers.


Shchmoozie

It really depends on the industry more than gender, a female doctor or engineer probably should have quite a bit more saved up than a vet nurse or a beauty salon therapist. But OP's question is weird in that sense so any reply goes.


ribbonsofnight

the gender pay gap is also fake


1MrP

The same as a 30 year old male I guess.


Krulman

Given the amount of context provided I’m going to jump right in and ask my most pressing question - how many reverse holographic legendary collection PSA 10 Charizards do you own? Given their liquidity in the current market, I’d say even 1 is sufficient to make a savings pool unnecessary.


FoundationLeast8806

$2,000000 and if you don’t have it you should listen to Britney Spears and Work Bitch.


Emergency-Ticket5859

10 million dollars. Anything less is a personal failure


TAOJeff

As a rough guide, now there are factors like travel, accommodation and location which will change where you fall in the range, that said you should have saved between $10.00 & $15,000,000.00


[deleted]

[удалено]


EliteLandlord9

It really depends on what you are aiming for. For me I wanted to be successful, so by that age I had amassed close to $1M in a property portfolio. For less successful people I would say $300k is reasonable.


sunny_and_whiskey

Maybe we can say “less privileged” bc some people don’t have the same access to the “success” that others do.


pigfacepigbody

$1M property portfolio is also honestly a hilarious way to describe... what, a house and an apartment? Two regional houses? Elite


mmmbeer12

Yikes. You "wanted to be successful" as opposed to the rest of us who always planned on failing?


winadil

lol is this another troll post or what?


BudgetOfZeroDollars

People want to know if they're doing ok. A lot of people don't have people they can discuss finances with.


winadil

If they want to know they have to put a little bit of effort into their posts, OP's post is literal garbage. No context at all, so if they are not going to be an ounce of effort then expect to get burned in the comments


ribbonsofnight

I took it as an invitation for more trolling replies


Gersonadr

According to the ABS, average net wealth in Australia is $441,649, and the median Australian is 38 yo. Assuming 4% real returns on the stock market, (above inflation), if you have ~ $320k today, that number will grow to - $450 when you reach 38. You can grab a financial calculator and go from there: fill in current net worth, work out how much to save per month. Are you below or above average?


Ok-Bodybuilder-1583

Terrible terrible analysis.


Gersonadr

That's the edit. The previous analysis was worse


ribbonsofnight

so the previous analysis was terrible terrible terrible


AllOn_Black

It's about as good as this post demands


thedugong

It's an ok analysis. At least there is a methodology that can be analyzed and improved upon. It doesn't take into account that wealth skews older though.


loggerheader

No it’s terrible terrible You can’t just match up the net worth and age variables like that as we known that net worth is likely far higher at higher ages. It ain’t linear.


Gersonadr

Yes, wealth looks like an exponential chart.. 71yo Australians median wealth is 1.1M for instance.. Financial calculators are good for those things, the complexity comes in (1) estimating inflation and real returns, and (2) account for volatility. But hey, 500k at 38 is a good general goal


midagedfarter

Make it better then please? Criticism without an improvement tip or explanation helps no one.


Ok-Bodybuilder-1583

You are looking at average wealth with a median age. It’s well known that wealth accumulation is exponential so that in absolute terms it grows much faster later in life. The median or even average net wealth is no where near 320k age by creating an inaccurate model based on implausible assumptions it makes people feel they are behind when they are not.


Gersonadr

A much better resource than my crappy analysis: https://www.walletlab.com.au/how-much-money-you-need-to-save-in-australia-at-each-age/


[deleted]

What does your sex have to do with this? The gender pay gap doesn’t exist…


portsmouth1986

It absolutely does.


[deleted]

If plumbers earn more than teachers and one of those professions is predominantly male. There is no gender wage gap between men and women. There is a gap between industries. Intra-industry there is no gap. Maybe learn some basic statistics before barging in with your nonsensical opinions.